Euro gets stronger on French election results

Experts predict Macron to win and turn into the next president of the fifth French republic. Latest opinion polls foresee Macron defeating Le Pen with 61% to 39%.

Although we must wait and see, for now we can witness the positive reception of this news by the financial markets. The euro has gained strength (almost a cent) against other currencies including the Swiss Franc (Euro strong gains depicted on the chart below). 

Source: https://www.bloomberg.com/quote/EURCHF:CUR

However, the Euro gains are kept with a brake on due to the fact that Le Pen winning the election cannot be fully put out of our minds - just think about Brexit or the US Presidential Election last year.

The real questions for the French presidential elections are:

• Will Macron be able to attract the supporters from first round losing candidates Francois Fillon and Jean-Luc Melenchon (each with around 200iS of the votes)?
• Will Marine Le Pen be able to attract a wider range of voters (those who like her but do not necessarily incline towards the Front National) after temporarily resigning as Front National leade rto focus on the country's presidential campaign?

Also, the Euro topic stays hot with the European Central Bank monetary policy announcement scheduled for 27th April. lt is expected that ECB President, Mario Draghi, will emphasize on current policy (hold the benchmark rate and stimulus activities as is) despite fears of deflation being out of the concerns list.