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10th January 2017, 13:39

Pound falls to 10 week low following Theresa May Brexit comments

The pound has fallen to the lowest it has been in ten weeks, following comments by Theresa May that the UK could not expect to keep the bits of the EU it wanted.

The comments were widely interpreted to mean access to the single market was unlikely. On Monday, the pound dropped against most currencies, valued at $1.21.

The FTSE 100, however, the collective of London’s highest ranked corporations, reported the highest consecutive streak of record highs since 1997.

However, the Prime Minister accused the media of misrepresenting her words, and added that she did not accept ‘hard Brexit’ and ‘soft Brexit’ as legitimate terms.