Macron needs parliamentary support to push for reforms

London

EMMANUEL Macron won in France's presidential election comfortably on Monday, but will have to work at garnering support in the National Assembly in order to carry out vital economic and labour reforms to regenerate the slack French economy.

The market's response to his victory was muted because the euro and French stock market had already priced in the win.

The euro began its surge when he was pitted against Marine Le Pen, and polls showed the far-right leader's chances of winning to be dim.

From 1.06 against the US dollar ahead of the first presidential round just over a fortnight ago, the euro reached a six month high of 1.103 against the US dol…