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Pound rises after Theresa May Brexit speech

Following Theresa May's speech in which the prime minister laid out the priorities for Britain going into Brexit negotiations with the EU, the value of the pound against the US dollar increased by around 2%.

In the speech, the prime minister said the UK would leave the European single market and that the final Brexit deal would be put to a parliamentary vote.

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Watch: Theresa May outlines 12-point plan for Brexit

Prime Minister Theresa May has set out her negotiating objectives for Brexit during a key speech at London's Lancaster House.

Watch the address below or on the ITV News Facebook page:

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May's speech 'likely more similar to China than USA'

ITV News Political Editor Robert Peston has said that it's striking that Theresa May's upcoming Brexit speech will be very different to the "inward-looking rhetoric of Donald Trump", and more similar to that of Chinese President Xi Jinping.

Mr Jingping has made his debut Tuesday at Davos, where he made a speech imploring that "no one wins" from a trade war, and saying that globalisation should not be written off.

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