Description
With:
Olivia Frieser, Global Head of Markets 360
Paul Hollingsworth, Chief European Economist
Alex Jekov, G10 FX Strategist
BNP Paribas London Branch | Global Markets (Recorded 05 April 2022)
- With less than a week to go until the first round of the election on Sunday 10 April, we think the chances of a surprise outcome have risen.
- Opinion polls continue to point to the first round resulting in a repeat of the 2017 face-off between Emmanuel Macron and Marine Le Pen.
- But the gap between Macron and Le Pen in opinion polls has narrowed, voter turnout is expected to be low and there is a high number of undecided voters.
- A Macron re-election remains the most likely outcome, in our view, but our degree of conviction in this outcome has fallen in recent weeks.
- We look at market implications and risk premium
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