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  'Hard' Brexit fears send pound close to 30-year low

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PostSubject: 'Hard' Brexit fears send pound close to 30-year low   Mon Jan 16, 2017 6:33 pm

Britain's pound continued to fall overnight as concern rose that the country is heading for a "hard" Brexit from the European Union and its single market, a day before a speech by Prime Minister Theresa May on the government's plans.



Some British newspapers have billed May's speech on Tuesday as a shift away from preferential EU single market access - in order to win restrictions on immigration - and a toughening of the UK's stance towards an economic bloc that accounts for roughly half its exports and imports.

http://www.smh.com.au/business/markets/currencies/hard-brexit-fears-send-pound-close-to-30year-low-20170116-gtso3x.html
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