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EU politics - French President Macron has called a snap election. EUR/USD a touch lower.

2024-12-30FOREXLIVEFOREXLIVE
French legislative elections called for June 30 and July 7
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French President Emmanuel Macron called a snap election on Sunday. His decision came after Marine Le Pen's far-right National Rally party polled very strongly in European elections held on Sudnay.

  • Le Pen made the largest gains in European Parliament elections
  • Greens and liberals lost ground
  • Macron has announced that he is dissolving the national assembly
  • Has called legislative elections on June 30 and July 7

EUR/USD is a touch lower on the political uncertainty. I'm no PhD in French politics but I will say that the results in EU elections do not, never do, translate directly into domestic election results. Domestic elections have a different election system, and the higher levels of 'protest votes' do not occur in domestic elections to the same extent.

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