Tomorrow, when Theresa May triggers Article 50, Britain will become the first country to exit the EU.
The Prime Minister announced at a Conservative Party conference that she intended to give the notification by the end of March 2017.
What is Article 50?
Article 50 of the Treaty of Lisbon became law in December 2009 and was designed to make the EU “more democratic, more transparent and more efficient”.
It was signed by the heads and state and governments of countries that are EU members.
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The law states that “any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements”.
This state would need to notify the European Council of its intention and the Union shall negotiate and come to an agreement with the state.
This will set the future framework between said state and the European Union.
What does this mean for the sterling?
It’s been a rocky road for the pound ever since the Brexit result was revealed following the referendum on June 23.