020 7898 0500The single currency continued its charge as newswires and rumours were leaked to the market. While the results of the first round of the French presidential election showed that Macron and Le Pen received similar shares of the total vote, the latest polls for the second round put Macron ahead by quite a margin.
ECB policy-makers are said to be slightly relieved by this and unnamed sources close to the ECB told Reuters that with the threat of a run-off between two eurosceptic candidates in France averted, they see scope for changing the tone in June towards reducing monetary stimulus.
With the ECB set to meet on Thursday, the day ahead is expected to be relatively quiet. Much of the attention will no doubt be on the campaigns of Macron and Le Pen.
