As the Brexit saga continues, so too does the complexity of the terminology surrounding the UK’s stated mission to leave the EU. To better understand the jargon and common Brexit terms – and help improve your trading decisions – our glossary provides a basic overview of Brexit from A to Z.
On June 23, 2016 the United Kingdom and Gibraltar voted in a referendum to decide if the country should remain a member of or leave the European Union (EU). The result saw the UK vote to leave the EU by 51.9% to 48.1%.
The UK started the withdrawal process on March 29, 2017 and was due, originally, to leave the EU on March 29, 2019 at 22.00 GMT when the two-year Brexit negotiation period finished. As it stands, Brexit negotiations are still ongoing, and an end date is unclear.