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.
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