<img src="https://www.telegraph.co.uk/content/dam/business/2024/07/08/TELEMMGLPICT000384840093_17204185508380_trans_NvBQzQNjv4BqrXQPXGvM58CJoUBPwmOnP4AUi_eAXJmjTzXoJ-uDM54.jpeg" alt="Euro falls as French hard-Left demand power - latest updates" width="100%" height="auto"><div class="articleBodyText version-2 section"> <div class="component article-body-text " data-test="article-body-text"> <p>The euro dropped after the <a class="ck-custom-link" href="https://www.telegraph.co.uk/world-news/2024/07/07/france-election-results-latest-le-pen-macron-voting/">shock French election result</a> gave the hard-Left the most seats in parliament.</p><p>Marine Le Pen <a class="ck-custom-link" href="https://www.telegraph.co.uk/world-news/2024/07/07/le-pen-party-blocked-power-shock-exit-polls-french-election/">endured a shock defeat</a> at the hands of the hard-Left and Emmanuel Macron on Sunday night after French voters turned out in force to keep her party from power.</p><p>In disappointing results for the National Rally (RN) leader, the New Popular Front, an uneasy alliance of centre-Left, green and far-Left parties, claimed the most seats in the snap parliamentary election, winning 182 in the 577-seat Assembly.</p><p>The result meant the euro fell 0.1pc against the pound to be worth 84.5p and slumped as much as 0.4pc against the dollar as Europe’s largest economy faces the prospect of a hung parliament.</p><p>Marine Le Pen’s hard-Right National Rally was beaten into second place by Emmanuel Macron’s centrists despite leading in the first round.&nbsp;</p><p>Jean-Luc Melenchon, the hard-Left leader of the New Popular Front said he wanted his party to govern.</p><p>He said: “The will of the people must be strictly respected ... the president must invite the New Popular Front to govern.”</p><p><em>Read the latest updates below.</em></p> </div>
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The euro dropped after the shock French election result gave the hard-Left the most seats in parliament.{ai:summary}<p>Euro drops as hard-Left wins French election. Macron's centrists prevail over Le Pen. New Popular Front claims most seats. Economy shaky. #economy</p>