Being outside the single market could damage Britain’s important financial services sector and is likely to hit the value of the pound again, at least temporarily. Advertisement Continue reading the main storyA week ago, Mrs. May said in a television interview that post-Brexit Britain would not be able to keep “bits” of its European Union membership. That, too, was interpreted as a break with the single market, which requires freedom of movement and labor for all citizens of the bloc. Those decisions mean that Britain could no longer be a part of the single market for goods, capital, people and services of the European Union, because the rules for that market are adjudicated by the European Court of Justice. That interview comes after Mr. Trump had a series of meetings with Brexit advocates like Nigel Farage, the former leader of the U.K.

Source: New York Times January 15, 2017 16:01 UTC