Real Victory in Five Years

President Emmanuel Macron’s government on Monday promised to reshape France’s political landscape as final results showed he had won the commanding parliamentary majority he wanted to push through far-reaching pro-growth reforms.

Macron’s centrist Republic on the Move (LREM) party and its centre-right Modem ally won 350 out of 577 seats in the lower house, after a record low turnout for a parliamentary ballot in the postwar Fifth Republic.

Government spokesman Christophe Castaner said the high abstention rate — more than 50 percent of voters stayed at home — was a failure for the political class and highlighted the need to change politics in France.

Reuters

Week Ahead Dollar Struggles Despite Fed Rate Hike Boost

Searching for a spark

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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.