Pollsters Winners in 1st Round of French Elections But Doubts Remain

Pollsters picked the two candidates to make it into next month’s French presidential election run-off, going some way to restoring their reputation in financial markets before other important votes across Europe.

Centrist Emmanuel Macron won Sunday’s first round vote with 23.91 percent. Far-right nationalist and anti-euro candidate Marine Le Pen came in second with 21.42 percent, almost exactly as polls predicted.



Markets lost faith in polls after they failed to predict that Britain would vote to leave the European Union and that Donald Trump would become U.S. president.

But the French vote, which followed accurate polling of the Dutch election in March, will go some way to restoring faith in them before the second round of the French vote and other major elections in Britain, Germany and Italy.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza