Video

Dembik Christopher
Marine Le Pen has reached the second round of the French presidential election on May 7 to face Emmanuel Macron. Saxo Bank’s head of macro analysis Christopher Dembik considers how the country’s economy will perform if she wins.
Squawk / 07 May 2017 at 18:04 GMT
Head of Macro Analysis / Saxo Bank
France
French presidential election:

As expected, EM is the winner (65.5% of the votes). A bit higher than last polls. Can be explained by the very poor performance of MLP at the occasion of the debate.

In the short term, I believe it is positive for EUR (negative for GBP since EM is perceived as a hard-liner on Brexit).

Next key step: upcoming June legislative election (I believe he will obtain a relative Parliamentary majority).
1y
AlexF AlexF
may the market hear you on EURGBP. EURUSD 1.1035
1y
Dembik Christopher Dembik Christopher
we will see. But we need to be careful. No one really knows what Macron thinks about Brexit.
1y
AlexF AlexF
EUR looks weak now pre-opening
1y
Dembik Christopher Dembik Christopher
EUR is barely moving despite Macron's victory. Already priced in by the market since the 1st round.
21 May
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