Brexit: Door is Open for Britain to return to EU, says Pierre Moscovici

Britain is still welcome to rethink its decision to leave the European Union, because the door is open should the country want to reverse its 2016 vote, Pierre Moscovici, the European Commissioner for Economic and Monetary Union, told French media in an interview on Sunday.

"If the British want to change their mind, that would be very welcome," he said, adding that Brexit was a lose-lose situation for Britain and the European Union. "Losing a state that is a permanent member of the United Nations Security Council, which is a great economic partner, creates a whole series of problems,” he said.

Meanwhile, US President Donald Trump has promised to present UK with a great trade deal once the country was free from the restrictions of the European Union. Talking to Piers Morgan, Trump said US was going to be a great trading partner for the UK in future.

"You have a two-year restriction because of Brexit, but when that is up we're going to be your great trading partner," said Trump, adding that the European Union was "not cracked up to what it's supposed to be" and that Prime Minister Theresa May should be tougher in her Brexit negotiations.

The American president also said he had predicted the outcome of the 2016 referendum, as he understood the thought process of those who voted in favour of Brexit. "I know the British people and understand them. They don't want people coming from all over the world into Britain, they don't know anything about these people," said Trump.

Trump also revealed that May has invited him to visit the UK twice this year. He is all set for a full October State visit, which will include meeting the Queen. However, the dates have not been set yet.

During his interaction with Morgan, Trump also revealed that he loves the UK and that his mother, Mary, was born in Scotland.

"The real me is somebody that loves Britain, loves the UK. I love Scotland," he said. "One of the biggest problems I have in winning, I won't be able to get back there so often. I would love to go there."