UK Prepares For Tough Negotiations on EU Citizens Rights

The U.K. is preparing to play hardball in negotiations over the rights of millions of European Union citizens living in the country, as the issue looks likely to become a major hurdle for the Brexit talks.

Prime Minister Theresa May’s team is squaring up to fight demands from Brussels that the 3.2 million EU nationals living in Britain should enjoy exactly the same privileges as now even after the country leaves the bloc.

The most controversial argument from within the EU is that the European Court of Justice continues to provide the final guarantee of entitlements. May has already promised Brexit will mark the end of the ECJ holding sway in the U.K.

Bloomberg

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.