The Euro is set for volatility as France throws up a significant surprise: the left came first in France's legislative elections.
Pound Sterling has been unfazed by the Labour Party's massive election win overnight and analysts say they remain constructive on the currency's outlook.
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.