In an attempt to symbolise the UK's outward-facing aspirations, May spoke before an audience of British civil servants and global diplomats at London's Lancaster House, a Georgian mansion that has hosted worldwide summits.
"Considering how sharp the pound's fall was this Monday it may have a bit of room to recover on Tuesday", said Connor Campbell, an analyst at Spreadex, in a market update. But the currency is still worth roughly 17 per cent less than it was before the referendum.
A majority of Britons voted to leave the 28-member bloc at a historic referendum in June over issues including sovereignty and immigration.
These were the main aims of Brexit, outlined by British PM Theresa May in a long-expected speech on the future of Great Britain and the EU. "After the welcome tone of today's speech, it is not hard Brexit, it's full Brexit".
"If we have no access to the European market, if we are closed off, if Britain were to leave the European Union without an agreement on market access, then we could suffer from economic damage at least in the short-term", he said.
Philip Hammond was quoted on Sunday as saying the country could change its economic model to regain competitiveness if it were to leave the European Union without an agreement on access to the single market. May said she wants the "the greatest possible access to [the single market] through a new, comprehensive, bold and ambitious Free Trade Agreement".
May has promised to trigger Article 50 by the end of March, and said she was confident that final settlements could be negotiated within the two-year timeframe.
In her first significant Brexit speech at Lancaster House on Tuesday, Mrs May spelt out that Britain is not seeking "partial membership of the European Union, associate membership of the European Union, or anything that leaves us half-in, half-out".
In summation, the twelfth negotiation proposal is for a smooth, orderly Brexit.
"Ireland's key priorities remain: economy and trade, common travel area, Northern Ireland (peace process) and the future of Europe".
In her conclusion, May emphasized the need for a strong, unified nation.
"So we will get control of the number of people coming to Britain from the European Union". But that deal necessarily needs to be inferior to membership, ' he said.
European Union leader Donald Tusk tweeted after the speech: "Sad process, surrealistic times but at least more realistic announcement on #Brexit".
Opposition Labour leader Jeremy Corbyn told BBC television that the government's plans seemed like an unwise "recipe for some kind of trade war with Europe".
"I want to be clear: What I am proposing can not mean membership of the single market", May told her audience at Lancaster House in London. "That doesn't really seem to me a very sensible way forward", he said.
Lib Dem leader Tim Farron delivered a damning verdict on May's speech, branding it "a mixture of vague fantasies and toothless threats to our nearest neighbours".
He added: "It should also be remembered that public angst over immigration was one of the core drivers for Brexit and so it is no surprise that Prime Minister May is responding directly to this".
"After all, at the beginning of negotiations, both parties should start from a position of strength and with a degree of bluff, which is exactly what Theresa May did in her speech", Harris added.
Brian Cave from France criticised May for not using the speech to guarantee the rights of European Union citizens living in the United Kingdom which would ensure the status of British citizens living in the EU.
More than 200,000 Jews were killed at the camp in Sobibór, which was destroyed by the Nazis following a revolt in October 1943. It is important to tell the story, so that we never forget", said Israel Antiquities Authority archaeologist Yoram Haimi.
Imports were expected to have grown for a second month but at a slower pace of 2.7 percent, after soaring 6.7 percent in November. Moreover, this year offers more downside risks as Trump has appointed hard-liners to handle trade policy, he said.
Erdogan said, "We have told Cyprus and Greece clearly that they should not expect a solution without Turkey as guarantor. Cyprus peace deal is very close, said today the UN Secretary-General Antonio Guterres.
The latest voting intention polls in France now show her narrowly leading the first round of the presidential race . Trump transition spokeswoman Hope Hicks told a pool reporter Le Pan was "not meeting with anyone from our team".
Police departments refer to running cars left unattended as "puffers" and warn they are targets of theft. Whether Taylor's Facebook post went viral or not, the man will have to wait to argue his case in court.
The ministry says the addition of Arrow-3 will "significantly reduce" the possibility of ballistic missiles hitting Israel. The new interceptor offers longer-range, higher-altitude (exo-atmospheric) and more precise ballistic missile engagements.
In his opening remarks, Zinke struck a moderate tone, saying that he recognizes that some federal lands require strong protection. Zinke said he believed Trump could "amend" Obama's moves to declare millions of acres of federal property as national monuments.
And if there is going to be an increase in numbers, it is probably Africa and Asia who will get the biggest increase. Certainly, Mexico and Canada would seek automatic places if they stage the 2026 World Cup jointly with the US.
In other findings, App Annie said that Black Friday was the first day to ever generate over $1 billion in US online mobile sales. Apple's App Store serves users of the iPhone and iPad and in 2016 its sales rose to more than £23 billion ($28 billion).
We are willing to give him $15 million and then we can talk about splitting the percentage - the back end - on the pay-per-view. Speaking to a Fox radio broadcast, White said that the two would be likely to meet in a boxing ring, not the UFC octagon.
When a user opens the Google Maps ride services mode, they'll now see pricing and options from the ride-hailing providers. Clicking on a service will pull up ride options as well as any special offers or promotions.
Oil in Global Economy Series Too short a deal
A lack of investment in new sources of oil could also set the market up for price shocks by the end of the decade. Prices have been stuck at levels just above $50 since the start of December, boosted there by the OPEC deal.
Lamar Odom: 'I want my wife back'
The fitness fanatic has stripped down to a slinky leotard to show off her killer figure in a string of smokin' hot images. Meanwhile, Khloe previously revealed she used the gym as a "stress reliever" after her split from Lamar .
Boy, 12, 'pulls gun on girl and demands a chicken nugget'
Police say the boy asked a 13-year-old girl for a McNugget at a McDonald's near East 103rd Street and Third Avenue on Tuesday. Cops have not found the gun, which law-enforcement sources said the boy would often show off to other kids.