Asked about sterling, PM May says British economy is strong
- AT&T (T) to Acquire Time Warner (TWX) for $107.50/Share
- Rockwell Collins (COL) in Advanced Talks to Acquire B/E Aerospace (BEAV) - WSJ
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
- AT&T (T) in Advanced Talks to Acquire Time Warner (TWX) - DJ
Britain's Prime Minister Theresa May speaks at the annual Conservative Party Conference in Birmingham, Britain, October 2, 2016. REUTERS/Toby Melville
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
BIRMINGHAM, England (Reuters) - Prime Minister Theresa May said on Tuesday that Britain's economy was strong with more positive growth rates than some had expected and, when asked about the fall in sterling, added that currencies "of course go up and down".
Sterling slid to its lowest in more than three decades on Tuesday on fears of a "hard Brexit" from the European Union and its single market that could hurt the economy.
"Currencies of course go up and down," May told the BBC.
"If you stand back and look at the fundamentals of our economy, which are strong, if you look at the other economic data that has been around in recent weeks, if you look indeed at the most recent forecasts now coming out for growth in our economy this year, all of that is more positive than people had expected it to be and predicted it to be."
(Reporting by Elizabeth Piper, editing by Kylie MacLellan)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sanaa air raids resume as Yemen truce expires: residents
- Swedish Academy says up to Dylan if he wants to come to receive Nobel Prize
- Rescuers save 2,400 migrants in Mediterranean, recover 14 bodies
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!