Euro PLUNGES as Marine Le Pen given big boost ahead of French elections

Monday, March 6, 2017
By Paul Martin

THE euro has tumbled against the dollar after Marine Le Pen was given a fresh boost in the looming French presidential elections.

Mon, Mar 6, 2017

Former prime minister Alain Juppe revealed he would not stand in the race to replace scandal-hit Francois Fillon.

The news prompted the currency to shed more than 0.3 per cent to hit 1.05 against the dollar to 1.05, while the pound also clawed back previous losses against the euro to 1.15.

A poll on Friday had showed that if Mr Juppe had become the new centre-right candidate, he would likely win the election’s first round in April, with Emmanuel Macron coming second – knocking anti-Brussels Ms Le Pen out of the race.

Markets have been on edge ahead of the French elections amid the rising popularity of Front National leader Ms Le Pen.

The far-right candidate has promised to put a Frexit vote to the public should she win the election.

If France votes out of the euro, markets fear it could spell the end of the project.

After last year’s surprise Brexit vote and Donald Trump win, investors are anticipating the French could deal the establishment another blow.

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