The euro is strong against the pound this morning following news that Emmanuel Macron defeated Marine Le Pen in the French Presidential elections.
It is the first time in 20 years that a governing French President has been re-elected. Macron won by 58.54% of the votes versus Le Pen’s 41.46%. This was a lower margin than the 66% he won by in 2017 and Le Pen achieved the highest ever score for the far right in a French Presidential election.
It’s a busy week for European data releases, with both GDP and inflation figures due on Friday. European Central Bank officials will also speak throughout the week.
