France Lurches to Right After Paris Attacks

The far-right National Front (FN) party in France made strong gains in regional elections at the weekend, with analysts predicting further popularity for the party amid heightened concerns over “homegrown” terrorism and an influx of migrants to Europe.

With almost all votes counted, the FN was in first place with almost 28 percent of the projected vote nationwide and it has topped the list in at least six of 13 regions, according to the interior ministry. The ruling Socialist party and its allies took 23.3 percent, coming third after a group of center-right parties led by former president Nicholas Sarkozy, which took 27 percent of the vote.

The FN’s leader Marine Le Pen said the result was “magnificent.” “The people expressed themselves. And with the people, France raises its head,” she said, according to Reuters.

CNBC

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam