Sterling falls as May signals 'hard' Brexit

First TV interview of 2017

Prime Minister Theresa May has indicated she is leaning towards a 'hard' Brexit, with intentions to prioritise immigration over access to the single market, despite multiple calls for the latter from UK businesses.

In her first television interview of the new year, the Prime Minister (pictured) told Sky News her key focus is on immigration and lawmaking, not the single market, suggesting she is not interested in keeping "bits of [EU] membership". Sterling fell on the news, trading 0.9% lower against the US dollar at $1.2180 at 8am GMT on Monday morning, while it was also 0.9% lower against the euro at €1.1561. May said in the interview: "We are leaving. We are coming out. We are not going to be a member of the EU any longer, so the question is what is the right relationship for the UK to have wi...