Euro on brink with volatility sweeping through markets as French election on KNIFE EDGE
THE EURO is expected to fluctuate dramatically this week as investors renew their attention on the increasingly dramatic French elections.
By SIOBHAN MCFADYEN
Express.co.uk
Mon, Apr 17, 2017
And it is almost certainly set to be a battle of the far-right and far-left as the polarisation of the vote continues.
Polls appear to indicate that Front National candidate Marine Le Pen will make it through to the second round of the vote with far-left candidate Jean Luc Melenchon gaining ground on centrist Emmanuel Macron.
Mr Melenchon, who has a hard line approach to the EU, appears to have 20 per cent of the vote catching up on pro-Europe En Marche! candidate Mr Macron who has 22 per cent in polls of polls data.
While Mrs Le Pen continues to stay strong with her 22 percentage points indicating she is still a front runner, the issue of Europe appears to be weighing on voters minds.
Historically the French left has come out to attempt to stop the far-right from gaining power and wild card Melenchon could be capitalising on anti-EU sentiment.
This will almost certainly lead to more market volatility for the Euro currency which has been showing that investors are uneasy, say analysts.
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