Courtesy of Mish.
The British pound surged nearly 3% today after UK Prime minister Theresa May added clarity to the Brexit decision. “No deal for Britain is better than a bad deal for Britain,” sad May.
Currency traders were convinced a hard Brexit would kill the pound, instead it rallied. And the decline in the US dollar index, widely attributed to Trump statements, has at least as much to do with May statements.
Regardless, the UK is striking the right tone at last.
Blueprint For Brexit
- “We are leaving the EU, but we are not leaving Europe.”
- “No deal for Britain is better than a bad deal for Britain.”
- British citizens voted “with their eyes open.”
- “We will get control over number of people coming to Britain from the EU.”
- “You cannot control immigration overall when there is free movement from Europe.”
- “We do not seek to adopt a model already enjoyed by other countries.”
Clean, Clear, Concise, Correct
May’s blueprint depicts 4 Cs: clean, clear, concise, and correct. Some whiners don’t see it that way.
Whiner of the day, UK Liberal Democrat leader, Tim Farron, complains in a Guardian Op-Ed, Whether you’re leave or remain, Theresa May just betrayed you on Brexit.
Farron: Today’s speech on Brexit was yet another hopeless attempt by the prime minister to mask the fact that the government has absolutely no strategy when it comes to the most defining issue facing our country for decades.
