Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Macron's bid for French presidency gathering momentum: two polls

Published 02/27/2017, 01:40 PM
Updated 02/27/2017, 03:00 PM
© Reuters. Emmanuel Macron, candidate in France's 2017 French presidential election, delivers an address for French nationals in London

PARIS (Reuters) - Independent candidate Emmanuel Macron's campaign for the French presidency is gathering momentum, according to two polls published on Monday that showed him closing the gap with far-right leader Marine Le Pen in the first round of voting.

Until now polls have given Le Pen a clear lead in the first round on April 23 but have shown her losing the decisive second round on May 7 to either Macron or the other main challenger, center-right candidate Francois Fillon.

In an Ifop-Fiducial poll for Paris Match published on Monday, Macron, a 39-year-old former banker, is now seen gathering 24.5 percent of the votes in the first round, up one percentage point on a previous poll on Friday, below Le Pen's 26 percent but well ahead of Fillon's 20 percent.

That chimed with another poll by Opinionway published earlier on Monday, which also showed Macron gaining 1 point to 24 percent, while Le Pen was stable at 26 percent and Fillon unchanged at 21 percent.

Macron has now gained 5.5 points in the space of five days in the Ifop-Fiducial poll, while Le Pen has lost 0.5 points over the same period. Macron's momentum helped to push down French bond yields on Monday to a one-month low.

Both polls on Monday showed Macron easily beating Le Pen, leader of the anti-euro, anti-immigrant National Front in May's runoff vote with 62 percent to her 38 percent.

Fillon had been the clear frontrunner until January when a scandal broke about his having paid his wife large sums of money for work she may not have done. He suffered a further blow on Friday when a prosecutor appointed judges to investigate the allegations. Fillon denies any wrongdoing.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

By contrast, Macron received a boost last week when veteran centrist Francois Bayrou decided to endorse him and dropped plans for his own presidential bid.

The two other main candidates, Socialist Benoit Hamon and hard-left Jean-Luc Melenchon, who failed to reach an alliance deal on Sunday, have both been range-bound, with 13.5 percent and 11.5 percent of first-round votes respectively, not enough to qualify for the runoff.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.