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May Sets Out Brexit Vision With Vow to Quit EU Single Market

  • Prime Minister sets out negotiating goals in London speech
  • Pound surges after plunging in wake of reports of clean break
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Theresa May's Brexit Speech in 50 Seconds

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Prime Minister Theresa May offered her most explicit vision of Britain’s future relationship with its European Union neighbors, pledging to quit the single market and instead seek a customs agreement with the bloc to deliver “a smooth and orderly Brexit.”

The pound surged after May’s speech, in which she set out for the first time that her government is determined to make a clean break from the EU and said she would give Parliament a vote on the final Brexit deal. While saying that she wanted the U.K. to be “a good friend and neighbor in every way” to its former partners, she also warned them not to reject the model she was proposing.