Key Brexit Timeline Dates

Key Brexit Timeline Dates

Today’s the day that the UK finally invoke Article 50 and begin the process of exiting from the EU.

So, what does this mean for investors who hold UK assets?

Initially, nothing really changes by Theresa May simply signing a letter, stock markets are sure to react the way they normally do, sterling will no doubt see a few fluctuations and there will be the normal knee-jerk reactions.

We are still a long way from knowing what the true impact of Brexit will be but for those who hold high-risk investments such as equities, there’s bound to be some volatility over the next few days.

Over the next two years of negotiations there will be key dates where the stock market is sure to react so for those with UK investments, here are those dates:

  • March 29th:Article 50 is officially invoked
  • April 29th:Summit of EU leaders not including the UK –European Council will be given the mandate to discuss the UK’s withdrawal from the EU
  • May:Negotiation guidelines will be published by the European Commission –  this may give the first indications of what the future relationship between the EU and the UK might look like
  • May/June:Official negotiations between the EU council and the UK government finally begin
  • September/October 2017:The UK government will create the Great Repeal Bill  – legislation that will identify how existing EU laws will be converted into UK law once the country has left the European Union
  • October 2018 – March 2019:Brexit deal will be drawn up, the Houses of Parliament, European Council and European Parliament will vote on the terms of the deal, and an agreement or an extension on the negotiating period will be agreed
  • March 2019:The UK will no longer be part of the EU

Investors need to be alive to these dates because markets are sure to react. It remains to be seen how realistic this timeline is and whether two years will be enough to forge an agreement. Either way, fasten your seatbelts. We’re in for a bumpy ride!