French Hung Parliament: "We Do Not Know Really How This Would Work" says Major French Bank
- Category: EUR
Political and fiscal uncertainty will be the watchword if France's Sunday vote results in a 'hung parliament'.
Pound Sterling has recovered some of its recent losses against the Euro as the market establishes an equilibrium ahead of Sunday's final round of French voting that could yet result in a majority for National Rally (RN).
The Euro rose sharply against the Dollar, Pound Sterling and other major currencies as the first round in France's legislative election landed as expected.
The Pound to Euro exchange rate could be on course to easily clear 1.20 in the coming weeks, but only if the French vote delivers a surprise.