France: Le Pen fared poorly in last night’s debate - BBH

Analysts at BBH note that polls suggest that Le Pen fared poorly in last night’s French debate.  

Key Quotes

“An Elabe poll showed that 25% viewed Melenchon as the most convincing, followed by Macron with 21% and Fillon with 15%. Le Pen registered 11%.  In a separate poll, Melenchon, Fillon and Macron were all tied for most convincing at 18%, followed by Le Pen again with 11%.  With the unexpected surge of Melenchon, these numbers call into question whether Le Pen will even make it into the second round of voting.”

“Although the euro slipped through $1.0650, it was not sustained, and on Monday and Tuesday, the euro finished near its highs.  Barring a surprise, the euro can firm a cent over the next few sessions. The technicals look constructive.”