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Far-right movement makes waves in Europe over the weekend

2024-12-30FOREXLIVEFOREXLIVE
The biggest upset sees France call a snap election, with a humiliating defeat for Macron
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Macron

The French president decided to call a snap election in a last ditch effort to try and salvage the situation. Marine Le Pen’s National Rally faction looks set to win 33% of the vote - more than doubling Macron's 15%.

Without a majority, Macron would be in a tough spot in trying to push forward with any legislation. So, this move is essentially a vote of confidence on him. It he has the votes, it means the people are giving him another chance. If he doesn't, that is the end of the road.

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