FIRST AIRED: January 17, 2017

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00:00:00
>> It could be a landmark speech from Theresa May on Tuesday. The UK prime minister expected to give the strongest outline yet of her vision for Brexit. Britain's pound falling Monday on concerns the country Is in for a so-called hard exit from the European Union. UK media anticipating that she'll set the scene for Britain to lose access to the block's single market in her bid to toughen controls on immigration.
00:00:25
May's spokeswoman dismissed those reports as speculation. That steadied the pound's jitters a little. But it shows how vulnerable the economy is to hard Brexit fears. Reuters Forex correspondent Jemima Kelly reports.>> I think in an ideal world, investors would love to hear Theresa May say that Britain is heading for a soft Brexit, where the number one priority is given to maintaining access to the single market.
00:00:52
She's unlikely to use the term soft Brexit, cuz she rejects the whole notion of hard vs soft Brexit. But I think investors be would be comforted to hear her signal that that's the kind of route that we're going down, where the number one priority is not border controls, but access to the single market.
00:01:10
>> May is expected to trigger Article 50 formal divorce proceedings by the end of March. The battle lines are being drawn.