It's the end of nine months of phoney war today as the UK triggers Article 50 and sets in motion the two-year negotiation process that will culminate in divorce from the EU. GBP bulls are already scarpering sending GBPUSD down some 200 pips.

• UK to trigger Article 50 at 1130 GMT in formal letter to Brussels
• European Council chief Tusk spells out hardline 'divorce' stance — Hardy
• GBP bulls run for cover as Tusk reaffirms €50 billion bill — Hardy
• EURGBP facing key levels at 0.86 and 0.88
• Global equities rebound as expectations hit 17-year high — Garnry
• Markets shrugging off reflation trade doubts in favour of macro data — Garnry
• Fed messages increasingly supporting two more hikes in 2017 thesis
• Tesla gets significant share boost as Tencent stake unveiled — Garnry
• French/German 10-year spread into 55 as nerves dissipate — Boye