020 7898 0500The French elections dominated the weekend news. As expected Macron has emerged victorious. Before the weekend he went into the polls with a clear 18-20 point lead with the exit polls indicating this has in fact been closer to 30%. His inauguration should be within ten days but given he is leading a brand new party with no members in Parliament he will be very much focussed in changing this in the upcoming Parliamentary elections in June.
In the meantime the Euro has weakened slightly against sterling.
It is fairly quiet of the economic docket this week. The economic release to note is the first release of the first quarter (Q1) German Gross Domestic Product figure. As the largest nation in Europe, it will be closely watched and, given the positive data of late, we should see a positive number.
