French Prime Minister Sébastien Lecornu has survived his first no-confidence vote in parliament. Out of 560 lawmakers, 271 voted against the government — falling short of the 289 votes needed to topple his administration.
Lecornu’s political support gained momentum after he announced a suspension of the controversial pension reform plan, delaying any changes until after the 2027 presidential election.
Market Response
The euro (EUR) showed little reaction to the vote outcome. As of the latest update, EUR/USD remained steady around 1.1660, up 0.1% from Wednesday’s close.
Euro Performance Today
The euro was the strongest against the Japanese yen today, gaining 0.25%. It also posted modest gains versus the U.S. dollar (+0.11%), Canadian dollar (+0.06%), Australian dollar (+0.03%), and Swiss franc (+0.04%). However, it slipped against the British pound (-0.16%) and New Zealand dollar (-0.14%).
Here’s a snapshot of EUR performance vs major currencies:
| Pair | % Change |
|---|---|
| EUR/USD | +0.11% |
| EUR/GBP | -0.16% |
| EUR/JPY | +0.25% |
| EUR/CAD | +0.06% |
| EUR/AUD | +0.03% |
| EUR/NZD | -0.14% |
| EUR/CHF | +0.04% |
The overall impact of the political event on currency markets appears limited for now.
