×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Pound | Britain | Economy | may

UK Pound Slides After May Appears to Signal 'Hard Brexit'

UK Pound Slides After May Appears to Signal 'Hard Brexit'

Monday, 09 January 2017 06:05 AM EST

The pound has fallen to its lowest level since October after Prime Minister Theresa May suggested the country was heading for a clean break from the European Union.

The pound fell one cent to $1.21 on Monday after May signaled in an interview with Sky News over the weekend that the U.K. is likely to leave the bloc's single market in goods and services. She said Britain won't try to keep "bits of membership" once it leaves.

Some traders read the comments to suggest she was prepared to trade with the EU as if it were any other country outside Europe, without any form of privileged status.

The pound has dropped almost a fifth against the dollar since the June 23 vote.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The pound has fallen to its lowest level since October after Prime Minister Theresa May suggested the country was heading for a clean break from the European Union.The pound fell one cent to $1.21 on Monday after May signaled in an interview with Sky News over the weekend...
Pound, Britain, Economy, may
122
2017-05-09
Monday, 09 January 2017 06:05 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved