Pound Falls to 10-Week Low as May Hints at Single-Market Exit
- May signals priorities are controlling immigration, lawmaking
- Sterling falls against all G-10 currencies after comments
U.K.'s May Hints at Single Market Exit in Brexit
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The pound fell against all major currencies as U.K. Prime Minister Theresa May’s comments over the weekend stoked fears that the U.K. will lose access to Europe’s single market.
Sterling fell 0.9 percent against the dollar to 1.2174 by 8:47 a.m. in London, the weakest since October. Leaving the European Union will be about “getting the right relationship, not about keeping bits of membership,” May said in a Sky News interview on Sunday.