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Matthias Knab, Opalesque: Vintage Value Investing writes on Harvest Exchange:
European investors have a busy week coming up.
British Prime Minister Theresa May has made clear that she intents to begin Britain's departure from the E.U. by triggering a provision of its treaty known as Article 50 before the end of March. A bill authorizing the government to do so is moving through parliament this week. This is likely to keep pressure on the weakened pound.
Meanwhile in the Netherlands, the anti-Muslim nationalist party which wants the country out of the E.U. is now second in polls to the conservative party of the current prime minister. The election is going to be held this Wednesday March 15th. Although the nationalist party isn't expected to gain power, investors would probably interpret strong support for him as a mark against European integration, pushing Dutch yields back up.
And then later in the year, we have elections in France, Germany, and potentially Italy.
So 2017 is likely going to be a very important year that will determine the fate of the European Union and the euro.
But the most important near-term event is what's going on in the U.K. and the expected triggering of Article 50. Here's what you need to know (as described by Vanguard):
What You Need to Know About Brexit and Article 50 ...................... To view our full article Click here
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