Socialists Fall to Fifth in French Polls

Socialist candidate Benoit Hamon travels to Berlin Tuesday, desperate for anything that can revive his struggling French election campaign.

Hamon may represent France’s oldest political party, but his polling numbers have been on the slide since he won the party’s primary in January and he’s now languishing in fifth place. On his left he’s been overtaken by Communist-backed Jean-Luc Melenchon and in the center he’s seen a steady stream of Socialists endorse independent Emmanuel Macron.

“The situation is grave for the Socialist nominee,” said Pascal Perrineau, a researcher at Paris-based political institute Cevipof. “His political space is extremely limited.”

Bloomberg

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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.