Pound falls to three-month low over hard Brexit fears

It has surged 25 percent since Brexit, partly because the slump in the pound helps internationally-spread companies that earn in dollars and euros.

The interview with the Times of London took place at Trump Tower, where Trump spoke with UK Conservative Party politician Michael Gove ― who himself campaigned for Brexit and made a failed bid to become British prime minister following the referendum.

The Sunday Times reported that the British leader will signal plans for a “hard Brexit” by saying she is willing to quit the European Union’s single market for goods and services to regain control of Britain’s borders and laws.

Downing Street said Sunday May in her speech would call on Britons to reject the acrimony and “insults” of a year ago and “unite to make a success of Brexit” for a “truly global Britain” and focus on a “Britain outside the European Union”.

The High Court ruling which ruled that the Government could not start negotiations to leave the European Union without a vote in Parliament saw sterling rise by 1% against the dollar.

“Trump said Brexit is going to happen, and it happened”. During his campaign, Trump said people would call him “Mr. Brexit” for his ability to defy polling that indicated he would handily lose the USA election.

Some British newspapers have billed May’s speech on Tuesday as laying out potential major changes to its preferential single market access and hardening its stance towards an economic bloc that accounts for roughly half its exports and imports.

The Times said May will call for both the Remain and Leave camps to come together to make Brexit a success in her speech.

UK Chancellor Hammond’s recent comments suggesting that the UK Government will do whatever it takes to keep the country competitive have also added weight to the theory that PM May will announce a clean break.

May is expected to extend the prospect of safeguarding workers’ rights.

Mrs May will announce the United Kingdom is prepared to leave the single market in a speech on Tuesday, it has been reported.

It is unclear however how much detail the Prime Minister will be prepared to reveal at this stage, having repeatedly stressed that she is not going to undermine her negotiating position by giving away too much too soon.

Shadow minister for Brexit Kier Starmer told Sky News: “Theresa May has had six months to give some clarity, she hasn’t done it”.

“When it comes to immigration, in particular, which she is highlighting, this is coming from the person who was home secretary and failed completely”.

“We’re gonna work very hard to get it done quickly and done properly”.

The EU’s single market emerged from the 1992 Maastricht Treaty on European integration. “If you a wealth manager, if you are an insurance company, if you are in advanced manufacturing, and you want to sell in Europe, Britain is not the same friendly platform that it was, unless they can somehow maintain as much of the European Union conditions as possible”.

Prime Minister Theresa May shares her finance minister’s view that Britain stands ready to consider alternative economic models following Brexit if forced to, her spokeswoman said on Monday.