Pound sinks and FTSE soars as May delivers Florence Brexit speech

Calling for 'imaginative and creative' approach to negotiations

UK Prime Minister Theresa May has urged Brexit negotiators to find an "imaginative and creative" solution to the country's future relationship with the EU, dismissing both the so-called Canada and Norway models, which sent the pound lower against the dollar and euro.

May said the UK's future relationship with the bloc should be unique and unlike the precedents set by other countries, and that both sides shared responsibilities for the success of that relationship.   She said: "it is in all of our interest for the negotiations to succeed, and we must be imaginative and creative about the way we achieve this new partnership." UK to develop separate financial services regulatory framework post Brexit Setting out the UK's negotiating position in a speech in Florence, Italy on Friday, May also backed a transition period during which current market r...