Monday 24 July 2017

Pound soars as PM Theresa May outlines Brexit vision

The pound rose as high as 1.145 versus the euro.
The pound rose as high as 1.145 versus the euro.

Ben Woods and Kalyeena Makortoff

The pound has soared as Prime Minister Theresa May outlined her vision for how Britain should divorce from the European Union.

Sterling rose almost 2pc against the US dollar, reaching 1.227, as Mrs May said the final Brexit deal with the EU will be put to a vote of both Houses of Parliament, while stressing the need for Britain to strike strong global trading ties.

The pound rose as high as 1.145 versus the euro.

Speaking at Lancaster House, Mrs May said: "This Government has a plan for Britain - one that gets us the right deal abroad but also ensures we get a better deal for ordinary working people at home."

Mrs May added that Britain will not hold on to membership of the European single market, but would aim to achieve the "greatest possible access to it" through a "bold new free trade agreement".

Press Association

Promoted articles

Also in Business