Thursday marks the beginning of the one-year countdown to the U.K.’s formal exit from the European Union. Here’s how U.K. assets have performed since voters decided in June 2016 to leave the trade bloc.
The one-year countdown to Britain’s formal exit from the European Union began Thursday.
It was a year ago that Prime Minister Theresa May activated Article 50 of the Lisbon Treaty, a move that followed Britain’s vote to take itself out of the bloc in a June 2016 referendum. The triggering of Article 50 began a two-year period that will culminate with the U.K.’s departure on March 29, 2019.
Read: ‘Leave’ backer with a year to go to Brexit: ‘I am never going to vote again’
In the chart below, economist Finn McLaughlin of Capital Economics, takes a look at how U.K. assets have fared in the nine-month period from the referendum through the activation of exit process; from Article 50 activation a year ago to now; and how the firm expects them to perform between now and the formal exit.