France Election 2024 Live: Left and centre leading far right, pollsters sa
LONDON, July 7 (Reuters) – France was on course for a hung parliament in Sunday’s election, with a leftist alliance unexpectedly taking the top spot ahead of the far right, in a major upset that was set to bar Marine Le Pen’s National Rally from running the government.
Summary
Polls showed the left was leading
Far-right leader Bardella conceded defeat
French voters turned out in large numbers
The counting has begun
Turnout at 5 p.m. was the highest afternoon level since 1981
Here’s our wrapup of the day so far
EURUSD 1 HOUR CHART – Mind the gap!
One trigger for the EURUSD rally was that it bounced after filling last week’s opening gap.
Given the French elections and EURUSD closing around its high, there is a risk of another gap opening on the upside.
Scroll down for an update showing key levels on the upside.
NEW YORK, July 5 (Reuters) – A recalibration of how the U.S. presidential election plays out is causing bond investors to bet yields stay higher for longer as November approaches.
Bond market re-focus on US elections throws wrench into 2024 rally hopefully
Once the dust settles on the French election attention will shift to the U.S. with CPI and Powell testifying/ See the full preview
EYE ON YELLEN
and the UK
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According to NYT
“Rachel Reeves, Britain’s First Female Chancellor, Turns to Janet Yellen for Inspiration”
Rachel Reeves, who will oversee Britain’s budget, is expected to pursue an agenda influenced by Janet Yellen’s more activist approach to job-creation and investment in the United States.
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