When is the UK due to leave the EU?
For the UK to leave the EU it had to invoke Article 50 of the Lisbon Treaty which gives the two sides two years to agree the terms of the split. Theresa May triggered this process on 29 March, 2017, meaning the UK is scheduled to leave at 11pm UK time on Friday, 29 March 2019. It can be extended if all 28 EU members agree, but at the moment all sides are focusing on that date as being the key one, and Theresa May has now put it into British law.
Here are 2 charts showing what could happen to the GBP if it breaks these major support levels.
The bigger picture looks like 2000 pips down on the GBP/JPY (as you can see from the chart bellow):
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