- Euro SURGES After Anti-EU ‘Nightmare Scenario’ in French Election Averted
by FRASER MOORE, http://www.express.co.uk/
THE euro surged to a six-month high following the first round of the French presidential election as the markets shook off fears of two anti-European Union candidates making the run-off.
The common currency surged two per cent against the dollar as centrist Emmanuel Macron and anti-EU Front National leader Marine Le Pen came appeared to come first and second respectively, according to exit polls.
There were fears among investors of a “nightmare” scenario where Ms Le Pen and hard-left communist-endorsed Jean-luc Mélenchon, both anti-Brussels, would reach the second round of the election following a late surge in support for Mr Mélenchon.