"The result is more than a risk avoided. It offers a genuine chance to reform France and strengthen the Eurozone and the EU. Fillon and Hamon immediately endorsed Macron. Fading political risk in France adds to the chance that French and Eurozone growth can surprise to the upside this year.
Equity futures were pointing to a sharply higher open for French stocks after centrist Emanuelle Macron was revealed to have won the first round of voting in the country's presidential elections at the weekend.
Centrist Emmanuel Macron and his far-right rival Marine Le Pen won the first round of voting in the country’s presidential elections today, according to various reports.
Friday saw the pound weaken a tad against the dollar but flirt closer to the 1. 2 euro level that has been playing hard to get since June, with the single currency also on the backfoot against the greenback although it too ended higher for the week.
Steelmakers in Britain are on alert as Donald Trump launches an investigation into steel dumping in the US and suggested new tariffs will be levied on imports.
The US economy softened at the start of the year, with levels of output in both the manufacturing and services sectors dipping to seven-month lows, the results of a survey showed, but economists believed there were good reasons to expect a rebound going forward.
US Secretary of State Rex Tillerson has warned that "alarming provocations" from Iran could destabilise other states in the Middle East, and made a comparison between it and the isolated North Korea regime.
Cable fell prey to profit-taking on Wednesday as traders pondered the next move in the pair, alongside remarks from rate-setters on both sides of the Atlantic which highlighted the policy divide between the US Federal Reserve and the European Central Bank.
US gasoline inventories rose unexpectedly last week as refineries continued to ramp-up, but the resulting drawdown in oil stockpiles was also less than anticipated.