The UK PM's speech continues 17 Jan
- sees a new and equal partnership with EU
- Brexit was a vote to restore parliamentary democracy not an attempt to harm EU or member states
- final Brexit deal will be put to a vote in both houses of parliament
That highlighted comment is key and a new admission from May. Should add to GBP demand.
GBPUSD up to 1.2274 EURGBP down to 0.8715
FTSE 100 falls 0.5% as GBP rises
- will ensure it can control immigration to Britain after Brexit
- that message was clear from those who voted Leave
More from fin min Hammond :
- we can only remain in European economic mainstream if it gets sensible trade deal