The pound continues to sell off as Brexit looking more like a hard divorce from the EU. London Mayor is to ask govt to prioritize single market access to save the city’s services sector from shrinking, but former BOE King applauds the fall in the pound as potentially rebalancing economy away from services to manufacturing and favors a clean break. A legal challenge to Brexit is moving to the High Court in 48 hours and a potential wildcard, as lawmakers asking whether PM can activate Article 50 without Parliament’s approval. If the court says Parliament approval needed, could derail the whole process or at least delay for a year, even longer as the bill would then need to pass through the two House chambers, with the Commons staunchly pro EU in the days leading to the referendum. The front page headline on the UK Times “Hard Brexit could cost 66bn pounds a year”
