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France's Le Pen hardens her tone in final straight


Mr Melenchon said he wants to have a dialogue with Germany about renegotiating European Union treaties and creating new rules for the bloc for when Britain leaves.

Polls have so far predicted she will lose to Emmanuel Macron in the second.

Still, caveats must apply following Donald Trump's victory in the US presidential election and Britons' vote to leave the European Union, events which both caught markets off guard past year. High-yield European bond yields could also fall by up to 17 percent, while yields in the US Treasury market could shed up to 100 basis points. However, as we get closer to voting day Melenchon has softened his rhetoric towards France's membership of the euro, which could limit euro downside on the back of this election result. But will they have the right prescription to cure France?

Behind the xenophobic and anti-Islam words of Le Pen voters, there is often another driving sentiment, Christele Marchand-Lagier, an FN specialist at the University of Avignon in southern France, told AFP.

There is "a feeling of being pushed aside, abandoned".

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Voters in France go to the polls on Sunday in the first round of the presidential elections.

Issues range from the 10% unemployment rate and the slow recovery of the economy, to the terror attacks in Paris and Nice which killed more than 230 people.

That worry has been a boon for the far-right party, which has made public safety one of its priorities.

The EU executive was referring to Le Pen's demand on Tuesday night that French TV station remove the blue, yellow-starred EU flag from the stage where she would be interviewed, leaving just the French blue-white-and-red flag. Le Pen would prefer to leave altogether, although she has promised to first hold a "Frexit" referendum to allow the French people to decide. "This mayor, he does what he says he will do", said Elisabeth Develter, a 70-year-old retired supermarket worker.

She said Wednesday that "I am a candidate in the election for the French republic" and that Europe is acting like France's "enemy".

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The Paris prosecutor said on Tuesday that a video linked to the two Frenchmen and intercepted in early April had featured a machine gun placed on a table as well as a newspaper which had one of the presidential candidates on the front page.

The FX options market was fairly accurate at predicting the market volatility that accompanied the Brexit vote in the United Kingdom and Trump's victory in the US, thus it is worth looking at EUR/USD risk reversals ahead of the French election.

Marine Le Pen came third in the first round of the 2012 election and could be the first National Front candidate to make the second round since her father did so in 2002.

"Around here the factories are closing, so where is the progress in France?" he asked.

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