Renewed French political crisis has allowed for further Sterling gains against the Euro as French prime minister is set to fall on the 8th of September once confidence vote takes place on his government.
Spiralling debt in the country has raised concerns amongst investors about the possibilities of further lending to the government.
More importantly, yields on French debt are rising considerably faster than anywhere else in Europe and crucially set to surpass debt levels of Italy. If the cost of French debt was to rise further, Euro losses could become more substantial. Current national debt in France sits at €3.3billion which now places it as the third highest in the Euro-Zone, behind only Italy and Greece.
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