In the view of economists at Commerzbank, EUR-investors should keep an eye on the Presidential elections in France. If Marine Le Pen gets a good result on Sunday, markets could react nervously.

Presidential elections in France have potential to get interesting after all

“The first round will be held this Sunday, and it can be expected that Macron and his fiercest competitor Marine Le Pen will face each other in the run-off two weeks later. The recent polls suggest that this run-off might be tighter than assumed so far.”

“Even though Le Pen seemed less radical in this election campaign than in the past, the markets might nonetheless react nervously if Le Pen were to do well on Sunday, thus standing a chance to win the run-off.”

“The elections in France will probably be a non-event for the FX market, but a surprise cannot be excluded.”