What to expect in UK markets when May pulls Brexit trigger

LONDON (March 14): The trigger of Article 50 is the event traders have been waiting for since the UK voted to leave the European Union. Yet as Prime Minister Theresa May approaches her end-March deadline for launching Brexit, there is no consensus on what it means for markets.

The pound has slumped 18% and the country’s benchmark equities index has rallied about 16% since the June 23 referendum. While currency and stock volatility is now calmer ahead of the talks, some analysts are warning markets are too complacent in expecting a smooth path toward an agreement.

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