French Front National To Win Local Election Vote

France’s Front National (FN) is on course to triumph in the country’s local elections this Sunday, in a vote that will be a key test for the country’s struggling left-wing government and its economic record.

“The FN could win a number of departments (council seats),” Antonio Barroso, a senior analyst at Teneo Holdings, told CNBC on Wednesday.

“This doesn’t change a lot, but it does mean that the FN is slowly but steadily managing to get more power and resources, which is important for consolidating its place in the eyes of the electorate.”

The two-round structure of this weekend’s vote means that while the FN, which has campaigned on a hard anti-immigration and –European Union ticket, will win a large share of the vote in the first round, many voters will switch allegiance in the second round to whichever party can keep it out of power Nonetheless, opinion polls predict the far-right party it will beat the ruling Socialist party and its center-right rivals in the first round of voting this weekend.

via CNBC

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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