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'.
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.
Pound Sterling Live and Corpay have launched the Pound-Euro forecast guide for the year's second half.
What is the forecast for the Pound to Euro exchange rate in the coming week? We think the Pound can pull back from recent highs as it consolidates the strong gains of the May to June period. We think losses will be shallow.