May to Detail Out 12 Point Brexit Plan

Britain will not seek a Brexit deal that leaves it “half in, half out” of the EU, Prime Minister Theresa May will say on Tuesday in a speech setting out her priorities for divorce talks which indicates she is prepared to leave the single market.

Sterling, which has traded at the lowest levels against the U.S. dollar for more than three decades, recovered slightly on Tuesday ahead of her 1145 GMT speech, while stocks were mostly weaker as investors feared May would spell out plans for a “hard Brexit”.

“We seek a new and equal partnership, between an independent, self-governing, global Britain and our friends and allies in the EU,” May will tell an audience of foreign diplomats and Britain’s own Brexit negotiating team.

Reuters

GBP/USD – Pound Jumps on Strong CPI, May Speech on Brexit Next

Post Pound Pounding

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.