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Free AccessLatest Poll Shows Macron's Legislative Majority Under Threat
Latest poll from Ipsos ahead of the 12/19 June legislative elections shows President Emmanuel Macron's centrist 'Ensemble' alliance on course to remain the largest grouping in the National Assembly, but its prospects of retaining a majority are more uncertain.
- Seat projection: Ensemble: 290-330 seats, NUPES: 165-195, LR/UDI: 35-65, RN: 20-45, Others: 5-10. Ipsos/CEVIPOF, 19/05/22
- With 289 seats required for a majority, the lowest end of the Ensemble seat projection range sits just one seat above this threshold.
- The primary threat to Macron's group retaining its majority is the leftist NUPES alliance containing a range of left and centre-left parties including Jean-Luc Melenchon's La France Insoumise and the centre-left Socialist Party (PS), historically a dominant force in French politics.
- In the event Macron's group loses its majority, it will be reliant on opposition support to enact the president's reform agenda, a difficutl prospect. A major underperformance from Macron's bloc/a shock outperformance from NUPES would lead to a period of 'cohabitation', with Macron forced to appoint a PM from the leftist bloc, making any policy enactment a slow and ill-tempered process.
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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.