The far-right National Front (FN) party in France made strong gains in regional elections at the weekend, with analysts predicting further popularity for the party amid heightened concerns over “homegrown” terrorism and an influx of migrants to Europe.
With almost all votes counted, the FN was in first place with almost 28 percent of the projected vote nationwide and it has topped the list in at least six of 13 regions, according to the interior ministry. The ruling Socialist party and its allies took 23.3 percent, coming third after a group of center-right parties led by former president Nicholas Sarkozy, which took 27 percent of the vote.
The FN’s leader Marine Le Pen said the result was “magnificent.” “The people expressed themselves. And with the people, France raises its head,” she said, according to Reuters.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.