> The advance of Emmanuel Macron and Marine Le Pen into the final round of France's presidential election wasn't just a victory for the candidates, but also for polling companies worldwide trying to regain some lost face. This after pollsters' crystal balls failed to foresee the rise of Donald Trump's presidency and Britain's vote to leave the European Union, both shock results.
Reuters chief financial correspondent Jamie McGeever says the French results elicited a sigh of relief, especially to one industry, investors.>> The big difference quite simply this time around was that the polls were accurate. And not only accurate, they were very accurate within the percentage points of the forecast going in to the vote on Sunday.
This goes some on the way to restoring investors faith and trust in polls, especially following the Dutch election earlier this year, which was also pretty much bang on the money. The French candidates made for some complicated math, eleven candidates with four of them favored within the margin of error.
But the consensus of pollsters held up. The centrist Macron walking away with just under 24% of the vote, far right Le Pen in second with 21%. Cautious markets suddenly rallying on Monday displaying confidence for the polls.>> If we extrapolate that going forward into some of the big elections we have coming up this year, it may suggest that investors, if this trust and faith and poise is maintained, that they might be less inclined to buy options, to head to the risk going into these votes, and they may take the signs from those polls as a clearer gauge of what they can expect.
>> Big votes coming up this year to put pollsters back to the test in Britain, Germany and possibly Italy, waiting to see if those crystal balls hold true again.