Catholic England, Protestant France: what next?

Building on the question of how to get England and France to swap religions: what happens afterward? Let's take a POD for England that Catherine of Aragon doesn't miscarry quite so often, and for France no affair of the placards, maybe the wars of Religion are delayed so that the protestants are on a better footing when the fighting starts. How does this effect the Low Countries? do belgium and the Netherlands switch places, with Catholic England near the OTL UP of the Netherland and Protestant France near OTL Habsburg Netherlands/Belgium? Does the whole country go protestant? How does this effect the Reformation in Scotland? Does England stay catholic, just with an Elizabeth analog to say she/he has "no desire to make windows into men's souls"? Or does a French wars of Religon analog take place, just with a Protestant victory? Will england see itself as an island of catholicism in a sea of protestantism, and get paranoid about protestant plots? Does England still compete with Spain for colonies in the New World, or maybe have Sir Francis Drake harass french shipping in the New World? Any ideas?
 
If there's one thing the British can do, and are more than willing to do, then it's pissing off the French. Have Catherine of Aragon bear Henry VIII a son or two and keep Henry IV from converting the Catholicism upon having taken Paris, and you have a very, very interesting scenario.

Considering England's historically good relations with Portugal, they might embrace all of Spain as well (as it is under Iberian Union) and form a united front against France. I would expect a Franco-Anglo-Spanish war to erupt soon after Henry IV's coronation...
 
Closer Anglo-Spanish relations are a likelihood - if the POD is Catherine bearing Henry VIII a surviving son, then Charles V will feel far less ill will towards Henry because he hasn't divorced his aunt.

France thus feels the pang of Anglo-Habsburg encirclement even more than OTL, and assuming they do turn Protestant (like, say, the Guises losing a lot of face) they'll attempt to ally with other Protestant powers both within and without the Empire to subvert the encirclement.
 
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