British Prime Minister Theresa May has ruled nothing in or out before starting talks on her country’s formal exit from the European Union, according to her spokeswoman.
“She hasn’t ruled anything in or out – she’s said she wants the best possible deal for trading with and operating within the single market,” the Downing Street spokeswoman said on Monday, according to Reuters. The report did not name the official.
The British pound plummeted to two-month lows against the US dollar after May indicated during an interview on Sunday that the UK would renegotiate trade ties with the EU after Brexit.
May told Sky News that her government’s arrangements were not “muddled” at all and it was the “complexity of the issues” that prolonged the process to leave the EU.
She said leaving the 28-member block is not going to be possible by keeping parts of the membership and the government was trying to tighten the borders first in order to meet a key demand of the citizens who voted in favor of leaving the EU.
“We are leaving. We are coming out. We are not going to be a member of the EU any longer,” she continued. “This is what people were voting for on 23 June.”
In the referendum held on June 23, nearly 52 percent of British voters opted to leave the bloc, a decision that sent shock waves throughout the world.
According to a Lloyds Private Banking analysis, the pound sterling lost a fifth of its value against nine major currencies last year.
According to research the agency did into 60 currencies, the biggest declines in sterling were against the Brazilian real with a 28.4 percent drop, the Russian rouble with a 28 percent fall, and the Icelandic krona with a 27.9 percent decrease.
The declines in 2016 came after a stronger year for the pound in 2015 when sterling gained against over three-quarters of the currencies studied by Lloyds.