Cook: Falling Pound Going Up the Stairs With a Broken Leg

Business groups and opposition parties pressed Prime Minister Theresa May for more detail after she said she’ll start pulling the U.K. out of the European Union in the first quarter of 2017 and hinted that she’s tending toward a so-called hard Brexit. The premier told her Conservative Party’s annual conference in Birmingham, central England, that she’ll invoke Article 50 of the EU’s Lisbon Treaty -- the formal trigger for two years of talks -- by the end of March. May also said she’ll introduce a bill to convert all existing EU laws into U.K. legislation to provide certainty for business and investors. But she left unanswered most questions about what Brexit will actually look like. World First Chief Economist Jeremy Cook discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."

Spain’s Dastis Says He Wants Clarity From May on Brexit
39:24 - Spain’s Minister of Foreign Affairs Alfonso Dastis discusses Brexit and the Catalan independence movement. He speaks on “Bloomberg Markets.” (Source: Bloomberg)
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