French Election: Goldman Sachs warns Le pen might win

Bobby Vedral, the global head of Goldman Sachs’ MarketStrats group has warned investors that ruling out a Le Pen victory would be a mistake in the upcoming French election. The first round of the election will be held on April 23rd and then the top two candidates would fight it out in the second round on May 7th. In an email to customers, told investors that the political correctness leads people to lie in polls like the world has seen during the US election. He warned that the market is too complacent ahead of the French election as the majority of the polls indicate Le Pen defeat. However, several polls have indicated that a large portion of French voters remains undecided ahead of Europe’s most crucial election. Mr. Verdal has written, "while the base case is that she won't [win], it is at best naive, at worst negligent to assume she can't." He went on to warn that the shy vote tends to benefit the populist candidate. The strategist suggested that if two-third of the undecided voters chooses to back Le Pen, then her chances of winning would receive a huge boost.

Le Pen has portrayed herself as the only anti-establishment candidate in the upcoming French election and that might help her in the election.

We at FxWirePro have also not ruled out a Le Pen victory as a poll by Pew Research Centre in 2016 shows that almost 62 percent of the survey respondents had unfavorable views towards the European Union.