GBPINR Intraday Outlook : 29.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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EU officials had to wait 9 months, but the U.K. is finally ready to trigger Article 50 tomorrow, which will start the process to review a total of 20,833 laws and regulations that were in effect in the EU and Britain at the beginning of the year and that will now have to be reviewed or replaced. Environmental, health and consumer protection as well as legal acts on workers' rights and standards for social welfare systems will also be under review and in theory that means more than 50 legislative texts each day to keep within the 2-year time frame. So far officials have not even agreed yet which tasks to tackle first and as it is clear that the U.K.'s initial aim to keep the benefits of the single market without accepting the "negatives", including budget contributions and the free movement of people, won't be achievable the risk of a "hard Brexit" that sees the U.K. crashing out of the EU without a deal is quite high. Markets will hope that there will be transitional deals to limit the fallout and it seems behind the scenes officials are preparing for that. For now though nothing much will change, even if the official clock will start ticking tomorrow.