The pound has soared as Prime Minister Theresa May outlined her vision for how Britain should divorce from the European Union.
Sterling rose almost 2% against the US dollar, reaching 1.227, as Mrs May said the final Brexit deal with the EU will be put to a vote of both Houses of Parliament, while stressing the need for Britain to strike strong global trading ties.
The pound rose as high as 1.145 versus the euro.
Read more: Theresa May - Britain will leave single market when it quits EU
Speaking at Lancaster House, Mrs May said: "This Government has a plan for Britain - one that gets us the right deal abroad but also ensures we get a better deal for ordinary working people at home."
Mrs May added that Britain will not hold on to membership of the European single market, but would aim to achieve the "greatest possible access to it" through a "bold new free trade agreement".
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