Article 50

Remember the time-tested saying "prepare for the worst but plan for the best?" This is the exact message Bank of England's Gov. Mark Carney is telling British banks. According to a Bloomberg report, Carney is urging banks to implement worst-case scenario plans in the event that Brexit negotiations...

The U.K. has officially begun its divorce proceedings, with Prime Minister Theresa May officially notifying the European Council President Donald Tusk of the nation's intention to leave the union under Article 50 of the EU's Lisbon Treaty. The U.K. is set to begin negotiations with the other EU...

The British pound was relatively stable Wednesday morning at $1.2451 after Prime Minister Theresa May submitted a letter to the European Union and triggered Article 50, which formally begins the "Brexit" process. People in the United Kingdom voted last year to leave the European Union and...

The United Kingdom is about to embark in a new era as "Article 50" is expected to be triggered by the end of the month, which launches the official Brexit process. The article gives the European Union official notice that the country will be leaving the organization, so naturally the...

The British people voted in the Brexit referendum last year to leave the European Union. Although many months has passed since the vote, the process will officially begin when the country's Prime Minister Theresa May triggers "Article 50" as promised by the end of March. Article 50 of...

The British pound posted its best single-day performance in nearly a decade on Tuesday after Prime Minister Theresa May eased some Brexit-related concerns in a speech. Heading into Tuesday's speech, the British pound was trading below $1.20 and was approaching its post-Brexit lows of $1.184. May's...

The British people voted in June to withdraw membership from the European Union - a process which has now been put into motion. Following the Brexit vote, the British government needed to give formal and official notice, as detailed in Article 50 of the Lisbon Treaty, to the European Union that...