Political outlook: Le Pen in the lead - ANZ
|Analysts at ANZ explained that overnight polls showed that National Front leader Le Pen continues to stretch her lead over main rivals in the French presidential race.
Key Quotes:
"A daily poll by OpinionWay showed first-round support for Le Pen rising 1%pt to 27%, above her nearest rivals Macron and Fillon at 20% each. Admittedly, in the second round, polls have Macron defeating Le Pen with 58% of the vote, although his lead has halved in the past two weeks"
"European bond spreads are widening which represents a tightening in financial conditions at a time the ECB is low on fire-power. Irrespective of the actual outcome, it is notable that 42% of the French electorate is currently supporting parties with a Euro-sceptic platform."
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.