The betting odds for an anti-euro candidate winning the French election are eerily similar to Brexit

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French election

France is going to the polls on Sunday to vote in what is likely to be a highly contested presidential election. Four candidates, Emmanuel Macron, Marine Le Pen, Francois Fillon, and Jean-Luc Melenchon - are within percentage points of one another in the polls, but only two will advance to the run-off in May.

The election has markets on edge as two of the candidates, Le Pen and Melenchon, have campaigned on euro-skeptic platforms.

Le Pen, the leader of the far-right National Front party has said she would ask European leaders and the European Central Bank to replace the euro with a basket of new national currencies, in effect breaking up the single currency.

"The euro is not a currency," Le Pen said in February . "It is a political weapon to force countries to implement the policies decided by the [European Union] and keep them on a leash.

Melenchon, a far-left candidate, has been a little less abrasive. In his manifesto, he wrote he would " devalue the euro to its initial exchange rate against the dollar " if he were elected to office. He has since said that the recent drop in the euro-dollar exchange rate has it trading at an "acceptable" level.

In a somewhat eerie coincidence, the betting odds of either euro-skeptic candidate winning the presidency closely mirror those of the UK voting in favor of Brexit.

We all know how that turned out...

Betting odds

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