May Warns of Momentous Change For Britain

Britain is facing a period of momentous change following its decision to leave the European Union and will need to forge a new role in the world, Prime Minister Theresa May told the World Economic Forum in Davos on Thursday.

May, who has said Britain wants a “bold and ambitious” trade agreement with the EU when it leaves the bloc, said Britain would step up to a new leadership role as a strong advocate for business, free markets and free trade after Brexit.

“Let us not underestimate the magnitude of that decision. Britain must face up to a period of momentous change, it means we must go through a tough negotiation and forge a new role for ourselves in the world, it means accepting that the road ahead will be uncertain at times,” May said.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.