Prime Minister May signs EU divorce papers

British Prime Minister Theresa May signed the EU divorce papers on Tuesday.

Brexit has officially begun as foreign exchange response seems to be muted as both the pound and euro traded off slightly against the dollar. US equities and bonds were also nonplussed by the much-anticipated move by the Brits.

City of London bankers from US banks such as Goldman Sachs, Morgan Stanley and JPMorgan are still awaiting news whether they will be moving before March 29, 2019 to the continent in order to smoothly transition to servicing EU-based clients.

Now May has to deal with the Scots wanting independence to rejoin the EU.

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