The pound’s exchange rate tracked market reaction to May’s Brexit approach

1.0

1.3

1.1

1.2

1.4

Dollar

Euro

13 July

Theresa May becomes prime minister

2017

29 March

Article 50 is triggered begining the two-year withdrawal process

9 June

Theresa May loses her parliamentary majority after calling snap election

21 August

Sterling hits an eight-year low against the euro as uncertainty continues

2018

19 March

The UK and EU aggree a transition agreement, but details like the Northern Irish border are unresolved

12 December

May wins vote of no confidence by 200 to 117 votes

5 January

MV1 is defeated by 230 votes

2019

12 March

MV2 is defeated by 149 votes

24 May

May announces her resignation

Dollar

Euro

1.0

1.3

1.1

1.2

1.4

Dollar

Euro

13 July

Theresa May becomes prime minister

7 October

Flash crash – the pound drops more than 6% in two minutes against the US dollar

2017

29 March

Article 50 is triggered begining the two-year withdrawal process

9 June

Theresa May loses her parliamentary majority after calling snap election. Makes deal with the DUP to form new government

21 August

Sterling hits an eight-year low against the euro as uncertainty continues

2018

19 March

The UK and EU aggree a transition agreement, but details like the Northern Irish border are unresolved

4 March

MPs reject a no-deal Brexit

12 December

May wins vote of no confidence by 200 to 117 votes

5 January

The first meaningful vote is defeated by 230 votes – a parliamentary record

2019

12 March

MV2 is defeated by 149 votes

24 May

May announces her resignation

Dollar

Euro