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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.
SPAIN
Opinion polling ahead of the 12 May regional election in Catalonia continues to show the centre-left pro-union Socialists' Party of Catalonia (PSC) - the sister party to PM Pedro Sanchez's national PSOE - maintaining its lead. The two main pro-independence parties - the populist Junts per Catalunya (Junts) and the leftist Republican Left of Catalonia (ERC) - look set to come in second and third place respectively.
- An average of seat projections based on polling in May shows the pro-union parties with a total of 69 seats, compared to 67 for the pro-independence parties. It remains to be seen whether either bloc can form a workable minority/coalition administration after the election.
- Exiled former Catalan President Carles Puigdemont is campaigning from across the border in southwest France as he seeks to lead the next gov't at the head of the Junts party. He remains subject to an arrest warrant, but this is set to be overturned by the end of the month with the passage in Madrid of an amnesty for those involved in the illegal 2017 independence referendum.
- A divisive post-election period in Catalonia also risks the stability of Sanchez's minority gov't. The administration is reliant on the support of Junts, and should Puigdemont pull the party's support amid rancorous negotiations after the vote it could jeopardise Sanchez's already-shaky hold on power.
Chart 1. Catalan Election Opinion Polling, Seat Projections
Source: ElectoPanel, FeedBack, Data10, KeyData, SocioMetrica, GESOP, Cluster17, YouGov, GAPS, GAD3, NC Report, Sigma Dos, DYM, IMOP, 40dB, Target Point, Hamalgama Metrica, Celeste-Tel, MNI
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.
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