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The euro has hit a five month high, as the early polling figures from France reassure the financial markets.

The single currency jumped almost 2% when trading began in Asia, surging over $1.091. It also rallied 1.5% against the British pound to around 85p. Investors had been nervous that Emmanuel Macron might fail to reach the run-off, as he’s seen as the candidate best equipped to prevent Marine Le Pen winning the presidency.