UK PM May still up to the rostrum at Lancaster House 17 Jan
Echoing those comments from fin min Hammond I reported earlier
- agreement with EU may take in some elements of EU single market
- UK will not be paying huge sums to EU budget but an appropriate contribution
- full customs union membership prevents us negotiating other trade deals
- does not want UK to be part of a common commercial policy
So far May is delivering all that was expected so we'll now see how much is built in.
Currently GBPUSD back down to 1.2239 from 1.2279 with seemingly not a lot else that May can come up with. GBPJPY at 138.84 has enjoyed the ride higher too and helped lift USDJPY back to 113.26 from 112.74 lows
Sounds like she's summing up now.
More from fin min Hammond:
- declining value of sterling will have impact on inflation
