Currency News: Upcoming French Election And The Euro’s Fate
The world anxiously awaits the French election on April 23, 2017. The two candidates with the most favorable polls are centrist Emmanuel Macron and right leaning Marine Le Pen.
The outcome of the French election will have an affect on the Euro, or perhaps France’s role in the European Union. Many perceive the Euro currency to be stable if Macron is elected. On the other hand, if Le Pene is elected, many would be nervous. She has hinted if elected, she would motion for France to leave the European Union. Moreover, it could negatively affect the Euro as France is one of the E.U.’s largest economic trading partner. France makes up approx. 15% of Europe’s GDP. However, before France can leave the E.U., it would require an overwhelming vote from the Parliament.
What will the Euro’s future be? As we have seen in the aftermath of Brexit on June 23, 2016, and the election of Donald Trump November 9, 2016, the Euro will be the focus. The Euro has fallen from 1.1376 to 1.0722 from its close on April 18, 2017.
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