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Barnier Fav For Les Republicains Nomination According To Betting Markets
Following on from earlier bullet on the election for the centre-right Les Republicains' presidential nominee (see 0946GMT bullet), betting markets are making former European Commissioner and party stalwart Michel Barnier favourite to emerge as the winner.
Chart 1. Implied Probability of Winning Les Republicains Nomination, %
Source: Smarkets
- It should be noted that the liquidity for this market is extremely low, making any bets have an outsized influence on the probability.
- However, it chimes with media and pundit expectations that despite Bertrand's stronger polling at the national level, Barnier could win through due to his long history of party loyalty. Bertrand ran for office under the banner of the miscellaneous right, rather than Les Republicains.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.