According to Rabobank, the French political developments are more interesting than the relatively boring UK General Election with the crucial second round of assembly elections on July 7th, three days after a new UK House of Commons is elected. The bank also expects French politics are liable to have a more substantial market impact with the Euro potentially vulnerable while a UK Labour Party victory could lead to a relief rally for the Pound. The Pound to Euro (GBP/EUR) exchange rate dipped to 1.1775 in immediate response to the French result, but it has recovered to above 1.18 and Rabobank expects gains to at least ... (full story)