FX investors poised as PM May prepares to trigger Article 50

Undecided on next move for pound

Currency investors are split on the next move for sterling, as Prime Minister Theresa May is on the brink of formally launching Britain's departure from the European Union, according to reports.

After hitting lows not seen since January last week, the pound is set for another week of volatility as it is expected PM May (pictured) will trigger Article 50 as early as tomorrow, after Tory MPs admitted they are unlikely to have the numbers to block the proceedings, according to the FT. It was reported last year the PM would trigger Article 50 by the end of March, beginning a two-year process of negotiations, but this was expected to be delayed following a High Court ruling in November, which said the UK parliament must vote on whether to start the process of leaving the EU despite p...