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Markets on EDGE as Marine Le Pen chances of winning French election RISE

Thursday, April 6, 2017 21:33
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(From The Express)

The gap between French and German government borrowing costs, measured by two-year bond yields, is now at its highest level since 2012, amid the rising chances of a victory for the anti-Brussels candidate.

Worried investors are rushing to pile money into German safe havens, and the euro has also come under fresh selling pressure, ahead of the first-round of the French election later this month.

Emmanuel Macron is still the favourite to win the final vote in May, but the chances have now dipped to 63 per cent, while Ms Le Pen’s odds are now at 25 per cent.

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