So the first round of the French election will be decided late Sunday AEST. This should see the EUR be much more volatile and I am assuming much more liquid due to a large number of firms watching closely and even having extended working hours for the event.
So what will happen?
And how will the people decide?
Well obviously we won't know till Sunday but here is my take on the situation.
France is considered a socialist country. This would suggest that for many French citizens Le Pen's immigration stance would not sit comfortably for them. But with recent terrorist event's this could see some of the undecided voter's swing in favor of Le Pen who want's a stricter stance on immigrants. She also suggest's France leave the EUR which for a country that has a reputation as one of the best networked states in the world seems to go against trade policies. Macron on the other hand believes that staying in the EUR is the best thing for France and for me would seem like the logical choice for the French people.
I believe we will see the Macron/Le Pen result on Sunday night. France will be looking for stability both economically and politically. I doubt recent event's will have a major impact on the voting and my stance is Macron will pull ahead of Le Pen on Sunday. Looking for the EUR to hit 1.09 and possibly 112.0. If Le Pen pulls ahead we could see the EUR to drop to 104.00 and possibly through parity as it starts to price in a FREXIT.
So what will happen?
And how will the people decide?
Well obviously we won't know till Sunday but here is my take on the situation.
France is considered a socialist country. This would suggest that for many French citizens Le Pen's immigration stance would not sit comfortably for them. But with recent terrorist event's this could see some of the undecided voter's swing in favor of Le Pen who want's a stricter stance on immigrants. She also suggest's France leave the EUR which for a country that has a reputation as one of the best networked states in the world seems to go against trade policies. Macron on the other hand believes that staying in the EUR is the best thing for France and for me would seem like the logical choice for the French people.
I believe we will see the Macron/Le Pen result on Sunday night. France will be looking for stability both economically and politically. I doubt recent event's will have a major impact on the voting and my stance is Macron will pull ahead of Le Pen on Sunday. Looking for the EUR to hit 1.09 and possibly 112.0. If Le Pen pulls ahead we could see the EUR to drop to 104.00 and possibly through parity as it starts to price in a FREXIT.