After British Prime Minister Theresa May outlined her exit vision at the Tory conference on Sunday, she spoke with BBC today and said she will be ambitious while negotiating. She reiterated what she said in the conference that her government will be triggering the Article 50, sometime between January and March next year. She has shrugged off the idea of a backdoor membership or the idea of keeping whatever bits of membership possible. Instead, she says that she will be taking a different approach and said that she would be ambitious while approaching the European Union. She reminded that the way of approach is very important.

The pound has started declining this week and has hit a fresh 31-year low today after it became clear that the government would not only be taking the exit route defying possibility of a second referendum it may also take a hard Brexit approach while negotiating. However, Prime Minister May said that the corporations do understand that the road towards Brexit would be bumpy but she would try her best to get the best possible deal possible. In the conference, she has said that the UK would aspire for the best deal without giving in to the demands of free movement and to the laws of the EU. The pound is currently trading at 1.274 against the dollar.