Theresa May’s Brexit Speech: Did the PM Overplay Her Hand?

The pound rallied and Brexiteers cheered after British Prime Minister Theresa May on Tuesday outlined her plans for a “hard” UK exit from the European Union.

This means the possibility the United Kingdom might stay in the single EU market is officially off the table – although this may not have been possible anyway, given May’s resistance to the free movement of people within the EU and to the European Court of Justice, which handles trade matters among EU members.