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UK PM Extends Security Offer to France

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British Prime Minister Theresa May will offer France on Thursday 44.5 million pounds to bolster security at French border controls, part of measures to deepen cooperation that she hopes will foster goodwill in Brexit talks.

At talks with French President Emmanuel Macron at Sandhurst, Britain’s army officer training academy, May wants to show that Britain still has plenty to offer France and other members of the European Union as she negotiates her country’s departure.



But after a choreographed drumbeat of new agreements to be signed at what aides said was the 35th Anglo-French summit, the overtures, including the loan of the 11th century Bayeux Tapestry, fell flat in Britain’s eurosceptic media.

“What a stitch up! Did borrowing the Bayeux Tapestry cost Britain 45 million pounds more to stop migrants at Calais,” the Daily Mail asked, while the Sun mocked up the depiction of how William the Conqueror invaded England in 1066 as a tale of the EU trying to stop Britain leaving the bloc.

May has long seen defence and security as one of its strongest arguments to gain leverage in talks to unravel more than 40 years of union. But France and other member states have been cool on allowing Britain to bypass Brussels.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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