May to Detail Out 12 Point Brexit Plan

January 17, 2017 Share Print 0

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

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.