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UK Prime Minister Theresa May says she will never agree to separate Northern Ireland from the UK. She also rejects the UK staying in the EU Single Market.

She says that it is not acceptable at this stage of the negotiations to only reject proposals and not offer anything.

May finishes her statement by stressing that she will not overturn the referendum results and will not tear up her country.

The GBP/USD is extending its falls below 1.3100. Support is seen at 1.3045, followed by the round number of 1.3045. The low so far is 1.3079.

— more coming —

Rumors about a statement by May were circling throughout the morning and already weighed on cable and sent it towards 1.3200. The confirmation of a special announcement already pushed the pair to below 1.3150.

The BBC had reported that May will say she is not changing tack on her Brexit stance. The EU rejected the British Government’s Chequers proposal in the Salzburg Summit.