French President Macron would welcome the UK back into the EU - Bloomberg

Joshua Gibson FXStreet

As reported by Bloomberg, French President Emmanuel Macron is attempting to reach across the current divide between Britain and EU leaders in Brussels, stating that he'd welcome the UK back into the EU with "open arms" if they decided in another referendum to stay, further enticing UK Prime Minister Theresa May to unleash another civic vote on EU membership, a move that PM May has thus far rejected flatly.

Key highlights

Macron noted that it wasn't up to him if Britain holds another referendum, but did take the opportunity to suggest that the pro-leavers "lied" in their efforts to campaign for the original Brexit referendum, and that separating from the European Union is much more costly and more complicated than Eurosceptics initially thought.

On the same side of the coin, the UK's Labour Party opposition leader notes that a second referendum on Brexit would be a way to avert a chaotic no-deal Brexit, and a way to head-off a potential hard landing for the British economy.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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