‘The Iron Lady’ Trailer Released

Alex Bailey, Pathe Productions / AP Photo

In this undated image made available in London, Tuesday Feb. 8, 2011, by Pathe Productions, two-time Oscar winning actress Meryl Streep is transformed for her role as former British Prime Minister Margaret Thatcher - complete with the Iron Lady's trademark hairdo The Hollywood star is playing Baroness Thatcher in a biopic being made by Mamma Mia! director Phyllida Lloyd.(AP Photo/Alex Bailey, Pathe Productions, ho) EDITORIAL USE ONLY:

How’s her accent? The Guardian got the first look at the trailer for The Iron Lady, the Margaret Thatcher biopic starring Meryl Streep. The film, directed by Phyllida Lloyd, will tell Thatcher’s story through a series of flashbacks. The trailer shows just a single scene of consultants trying to persuade her to make over her image. “I may be persuaded to surrender the hat,” Streep tells them. “The pearls, however, are absolutely nonnegotiable.”