Emmanuel Macron

The Daily Update - Brexit / Emmanuel Macron

Finally, almost a year after the UK voted to go its separate way from the EU, Brexit talks are due to begin this morning. However the backdrop of uncertainty on both Theresa May’s future as Prime Minister and what the UK government actually wants from the negotiations is higher now than at any time. Indeed, we seem to have come a long way from the 'no deal is better than a bad deal' rhetoric that May was so fond of, with Philip Hammond, the Chancellor of the Exchequer, now telling us that leaving the EU without a deal would be a ‘very, very bad outcome for Britain’. He added, ‘I believe the view of the majority of people in Britain, is that we should prioritise protecting jobs, protecting economic growth, protecting prosperity as we enter those negotiations and take them forward.’

The Daily Update - French election update

The initial round of the French Presidential election on 23 April is rapidly approaching and it is increasingly looking like it will be a nail-biter right until the final run-off between the two leading candidates on May 7.  Polls suggest the contest still remains open between four candidates: According to the Kantar Sofres poll at the start of the week Emmanuel Macron and Marine Le Pen lead with 24 percent of the vote and are followed by Jean-Luc Mélenchon who has been gaining ground with 18 percent of the vote.  He is now ahead of François Fillon with 17 percent of the vote; plus Fillon continues to fight yet more allegations that he put his wife on the payroll 4 years earlier than he had claimed.

The Daily Update - Dutch and French elections

On Wednesday the Dutch voters went to the polls in the first of a series of elections across Europe this year.  France follows with the first round of the Presidential election in April and a runoff between the two leading candidates in May and then the German election takes place in September.  Given the rise of populist politics, the UK voting for Brexit and the Trump Presidential election victory, markets have been paying more attention to politics.

The Daily Update - French Presidential election

The French presidential election is shaping up to be a bit of an odyssey with all manner of surprises and it is yet to even get to the first round of voting. A week or so ago Emmanuel Macron looked like having the best chance at facing Marine Le Pen in the second round run-off in May after François Fillon’s polling took a hit from the Penelope-gate scandal. Then, there was the story that the left candidates Benoît Hamon and Jean-Luc Mélenchon were exploring an alliance with a single candidate to represent the left but this failed leaving both facing the prospect of elimination in the first round based on their current polling-scores. But in politics a lot can change in a week.

Please read this important information before proceeding. It contains legal and regulatory notices relevant to the information on this site.

This website provides information about Stratton Street Capital LLP ("Stratton Street"). Stratton Street is authorised and regulated by the UK's Financial Conduct Authority. The content of this website has been prepared by Stratton Street from its records and is believed to be accurate but we do not accept any liability or responsibility in respect of the information of any views expressed herein. The information, material and content provided in the pages of this website may be changed at any time by us. Information on this website may be out of date and may not be updated or removed.

The website is provided for the main purpose of providing generic information on Stratton Street and on our investment philosophy for the use of financial professionals in the United Kingdom that qualify as Professional Clients or Eligible Counterparties under the rules of the United Kingdom Financial Conduct Authority (the "FCA"). The information in this website is not intended for the use of and should not be relied on by any person who would qualify as a Retail Client. Products and services referred to on this website are offered only at times when, and in jurisdictions where, they may be lawfully offered. The information on this website is not directed to any person in the United States. The provision of the information on this website does not constitute an offer to purchase securities to any person in the United States (other than a professional fiduciary acting for the account of a non-U.S person) or to any U.S. person as such term is defined under the Securities Act of 1933, as amended.

The website is not intended to offer investors the opportunity to invest in any Alternative Investment Fund ("AIF") product. The AIFs managed by Stratton Street are not being marketed in the European Economic Area ("EEA") and any eligible potential investor from the EEA who wishes to obtain information on the AIFs will only be provided with materials upon receipt by Stratton Street of an appropriate reverse solicitation request in accordance with the requirements of the EU Alternative Investment Fund Managers Directive ("AIFMD") and national law in their home jurisdiction. By proceeding you confirm that you are not accessing this website in the context of a potential investment by an EEA investor in the AIFs managed by Stratton Street and that you have read, understood and agree to these terms.

No information contained in this website should be deemed to constitute the provision of financial, investment or other professional advice in any way. The website should not be relied upon as including sufficient information to support any investment decision. If you are in doubt as to the appropriate course of action we recommend that you consult your own independent financial adviser, stockbroker, solicitor, accountant or other professional adviser. Past performance is not necessarily a guide to the future. The value of investments and the income from them may go down as well as up. An application for any investment or service referred to on this site may only be made on the basis of the offer document, key features, prospectus or other applicable terms relating to the specific investment or service.

Where we provide hypertext links to other locations on the Internet, we do so for information purposes only. We are not responsible for the content of any other websites or pages linked to or linking to this website. We have not verified the content of any such websites. Such websites may contain products and services that are not authorised in your jurisdiction. Following links to any other websites or pages shall be at your own risk and we shall not be responsible or liable for any damages or in other way in connection with linking.

By using this site, you should be aware that we may disclose any information that we hold about you to any regulatory authority to which we are subject, or to any person legally empowered to require such information.

This website uses cookies to improve user experience, by clicking the "I Accept" button below means you consent to the use of cookies on our website.