Macron Reappoints Lecornu as PM Amid French Political Crisis

Macron's reappointment of Lecornu signals a focus on government stability. Despite political turmoil, the Euro holds steady, and consumer confidence data has minimal impact on markets.

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2025 October 12 . 2:03 AM

1 min read

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Macron Reappoints Lecornu as PM Amid French Political Crisis

French President Emmanuel Macron has reappointed Sébastien Lecornu as Prime Minister, following his resignation just days prior. This move comes amidst a deepening political crisis in France, with Macron tasking Lecornu to form a new government swiftly.

The decision to reappoint Lecornu may signal Macron's intention to stabilise his government and avoid early elections. The University of Michigan's consumer confidence data, released earlier this week, showed better-than-expected results but had little impact on financial markets. Meanwhile, the Euro/Swiss Franc pair remains stable at 0.9322.

The Euro has faced pressure due to dollar strength and political turmoil in France. The USD/CHF pair is currently at 0.8059, closer to 0.81 than to 0.80.

Macron's reappointment of Lecornu suggests a focus on government stability. Market responses remain subdued, with the Euro steady and consumer confidence data having minimal impact on financial markets.