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'.
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.