Renewed fears of a hard Brexit has sent the pound sterling sliding in early trading on Monday morning. The UK currency is currently trading just below £0.87 against the euro – its weakest value relative to the European currency since November. Sterling is faring even worse against the US dollar as it dipped below $1.22 for the first time since October.
This latest retreat in sterling comes after Prime Minister Theresa May gave her strongest indication to date that the UK would leave the EU single market. In an interview over the weekend, Theresa May warned that the UK would not be keeping “bits of membership” of the EU.
“Often people talk in terms as if somehow we are leaving the EU but we still want to kind of keep bits of membership of the EU. We are leaving. We are coming out. We are not going to be a member of the EU any longer,” said May.
ADVERTISEMENT
“We will be able to have control of our borders, control of our laws. Anybody who looks at this question of free movement and trade as a sort of zero sum game is approaching it in the wrong way,” she said.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Renewed fears of a hard Brexit has sent the pound sterling sliding in early trading on Monday morning. The UK currency is currently trading just below £0.87 against the euro – its weakest value relative to the European currency since November. Sterling is faring even worse against the US dollar as it dipped below $1.22 for the first time since October.
This latest retreat in sterling comes after Prime Minister Theresa May gave her strongest indication to date that the UK would leave the EU single market. In an interview over the weekend, Theresa May warned that the UK would not be keeping “bits of membership” of the EU.
“Often people talk in terms as if somehow we are leaving the EU but we still want to kind of keep bits of membership of the EU. We are leaving. We are coming out. We are not going to be a member of the EU any longer,” said May.
“We will be able to have control of our borders, control of our laws. Anybody who looks at this question of free movement and trade as a sort of zero sum game is approaching it in the wrong way,” she said.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS