France votes in a fragmented race for the next president – Lloyds Bank
|Hann-Ju Ho, Rseearch Analyst at Lloyds Bank, explains that France votes in the first round of the presidential election this Sunday and in the absence of an outright majority, the top two candidates will face off in a second round of voting on 7th May.
Key Quotes
“Current polls suggest Emmanuel Macron (likened to Tony Blair) and far-right Marine Le Pen will win through to the second round, but polling margins of error suggest conservative François Fillon and far-left Jean-Luc Mélenchon could succeed.”
“Macron is expected to win and Le Pen to lose in the second round against any other opponent, but markets remain concerned about the possibility of a non-mainstream president.”
“Both Fillon and Macron support economic reforms, while both Le Pen and Mélenchon favour France’s withdrawal from the EU and/or the euro.”
“The National Assembly elections in June could be at least as important as the presidential contest, as the legislature could curtail the president’s ability to enact his or her agenda, including the possibility of a ‘Frexit’ referendum.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.