What will the French second round election mean for the euro?

Reuters tries to find out with a poll

FX strategists are still being asked questions and this time its about the EURUSD.

Generally, the euro will be at 1.08 in 1, 6 & 12 months out, that's a jump from 1.06, 1.05 & 1.05 for the same periods in the April poll (everyone is getting bullish).

And over the French elections;

  • EURUSD to fall 5% if Le Pen wins, and gain 1% if Macron wins

I can pretty much agree with the basis of that price move assessment.

Reuters FX pollsters had something to say about the quid earlier.

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