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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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MNI US MARKETS ANALYSIS - French Politics Undermines EUR
Franco-British Relations Sour On Immigration Accusations
Relations between the UK and France have soured further today, with UK Home Secretary Priti Patel pushing back against comments from French President Emmanuel Macron regarding illegal immigration across the English Channel.
- Speaking to a regional newspaper in northern France, Macron stated that the UK refusal to open a legal route to crossing the Channel was the cause of the numerous deaths recorded in the stretch of water, saying that, “The responsibility for those who die at sea does not fall upon France but upon this British refusal...The British continue to have a system from the 1980s, which manages economic immigration through hypocrisy,”
- This morning, speaking to the House of Commons Home Affairs select committee, Patel stated that, "Macron's comments are wrong, they are absolutely wrong".
- The upcoming French presidential election, taking place on April 10 and 24, means that Franco-British relations are likely to remain in the cooler for at least the coming few months, with a strong line on UK actions in the Channel (and notably on Brexit/fisheries) essential if the incumbent Macron is going to shore up his support in right-winger Marine Le Pen's heartlands in the north east of the country.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.