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The British pound fell around 1 percent against the euro and the dollar in Monday morning trading following prime minister Theresa May's announcement that she would launch the EU exit procedure in March 2017 at the latest, and suggested the UK could completely leave the single market. The pound has been waning on the currency markets, now dropping to a three-year low against the euro amid concerns that Mrs May will opt for a "hard Brexit" and leave the single market. The announcement that Britain would begin the formal process of leaving the EU by triggering Article 50 in March 2017 also caused sterling to hit a three-month low against the US dollar. Across Europe, Germany's Dax was up 1% and the Cac 40 in France rose 0.3%. In UK stocks, oil majors were in the ascendency after the price of oil broke above the 50 US dollars a barrel mark after the Opec cartel said it had reached a deal last week to stabilise the market by slashing output. Royal Dutch...