Pound Slides at Much as 1.6% as May Reported to Seek Hard Brexit - Bloomberg - 0 views
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The pound slid below $1.20 for the first time since October’s flash crash, after reports that U.K. Prime Minister Theresa May will signal plans to quit the European Union’s single market to regain control of Britain’s borders and laws.
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“Even if the pound recovers somewhat in London, it seems as though the realities of a hard Brexit are still not fully priced in,”
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May’s speech isn’t the only approaching Brexit milestone. The Supreme Court is set to rule this month whether May or Parliament carries the power to invoke the exit, although few see the process being derailed either way.