Germany’s Social Democrats Support Grows Ahead of Election

Germany’s Social Democrats (SPD) polled 31 percent in a survey on Wednesday, benefiting from a surge in support since nominating Martin Schulz as leader and narrowing the gap to Chancellor Angela Merkel’s conservatives.

The poll for Stern magazine and broadcaster RTL, published just over seven months before federal elections, was the first by the Forsa institute to give the SPD above 30 percent since October 2012.

Merkel’s conservative bloc, made up of her Christian Democrats (CDU) and their Bavarian sister party the Christian Social Union (CSU), lost 1 percentage point to 34 percent.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.