The approaching trigger date for leaving the European Union has seen the United Kingdom once again return to the forefront of the news as hints from key government officials point towards a hard exit from the EU. Remarks by Finance Chief Phillip Hammond stressed this point when he indicated that while a hard Brexit could result in a short-term correction, the goal remained to retake sovereignty, leave the European Court of Justice, and reassert control over borders and immigration.
Prime Minister Theresa May is scheduled to speak on Tuesday, unveiling greater detail about the country’s negotiating platform and strategic planning for the eventual outcome of the exit and what it will mean for business. In the meantime, the Pound has slipped to the lowest point against the US dollar since the crash in October, briefly falling below 1.2000 before rising back above the level.
Pound Plunges on Hard Brexit Hints
Daily Analysis - 16/01/2017