Race For French Left Candidate Heats Up

France’s divided Left will this weekend narrow its search for a presidential candidate, though opinion polls show whoever emerges victor will struggle to head off humiliation in the April-May election.

The candidate must deal with the legacy of President Francois Hollande, whose ratings plummeted with his failure to turn the economy around. It appears a near-certainty that no Left representative will get beyond the April 23 first round.

The focus of campaigning — not only for the Socialists but also the election front-runners — is likely to focus on France’s moderate left, a vast electorate spanning factory and office workers, shopkeepers and Paris professional elites.

Reuters

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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 SKY News. 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