Sterling skids to three-month low on hard Brexit concerns

FTSE 100 ends record 14-day winning streak as Theresa May prepares to make speech unveiling plans

The pound fell again on Monday - dipping below $1.20 at one point - as concern mounted that the UK was heading for a "hard" Brexit from the European Union and its single market, a day before a speech by Theresa May on the government's plans.

Some newspapers have billed the prime minister's speech on Tuesday as a push away from preferential EU single market access and a hardening of the UK's stance toward an economic bloc that accounts for roughly half its exports and imports.

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