Euro drops after France's Juppe rules out presidential bid

London

THE euro fell on Monday after former French prime minister Alain Juppe ruled out standing in the country's presidential elections, which investors saw as increasing the likelihood of a victory by anti-EU leader Marine Le Pen.

A poll on Friday had suggested that if Mr Juppe replaced the scandal-hit Francois Fillon as the centre-right candidate, he would win the election's first round, with centrist candidate Emmanuel Macron coming second - a scenario that would knock Ms Le Pen out of the race.