Bolstered by the surprise election of Donald Trump in the US and the UK’s vote to leave the European Union, Marine Le Pen is hoping to ride on a similar surge in popular sentiment in France. However, most opinion polls indicate she will lose the race. Le Pen has promised that a government under her would take France out of the EU and its common currency, and slap heavy taxes on companies employing foreigners.
Le Pen is expected to do well in the first round of the presidential vote on April 23 only to lose the final run-off to the more centrist Emmanuel Macron. After ending last week on a weak note, the Euro is holding its ground against the US dollar, and is up around the 1.0672-mark in early Monday trade.
Euro “Knife” on French Ribs
Daily Analysis - 03/04/2017