Quelle surprise for markets
by AIB Treasury Economic Research Unit
- Politics has moved to the fore in European markets in the past week, following the conclusion of the EU parliamentary elections and the shock announcement of French Assembly elections by President Macron.
- Nonetheless, the results in the French and German EU elections highlight growing support for more right wing and nationalistic parties in the Eurozone’s largest economies.
- RN has tempered its Eurozone scepticism in recent years, including calls for “FRexit” from the single currency.
- Turning to the week ahead, the monetary policy spotlight will be on the BoE interest rate decision.
|
|
