French President Macron says the UK would be welcomed back if it wants to rejoin the EU

Historically, off-the-cuff readmission invitations of this sort have had no mechanism attached and have not repriced sterling on their own; the pattern in UK-EU relations is that currency moves track concrete negotiating steps, trade arrangements and regulatory alignment decisions, not rhetorical overtures. The actor context matters: French leaders have periodically used openness on the UK file as a signal of European confidence, and such comments have tended to be directed at domestic and European audiences rather than London. What distinguishes a durable move from noise here would be any follow-through in formal UK-EU engagement, such as structured cooperation talks or alignment discussions, rather than the comment itself. Absent that, the note stands as sentiment colour on a long-horizon theme, with no immediate transmission channel into EUR/GBP beyond positioning at the margin.