French presidential election candidate Emmanuel Macron arrives on stage to deliver a speech at the Parc des Expositions in Paris, late on Sunday. Photo: AFP

After a campaign slip up which saw French centrist presidential candidate Emanuel Macron upstaged in his hometown by right-wing opponent Marine Le Pen, Macron’s lead in the polls slipped by more than 10 points.

Despite the shift, which left Macron with 59% support versus Le Pen’s 41%, according to one poll, markets still don’t see a chance of an upset, reports the Financial Times. The euro has risen 2% since the first round of voting, and France’s CAC 40 index is close to a 9-year high.

Velentin Marinov of Credit Agricole reflects that confidence, saying that political risks will subside, but he adds that the euro may overshoot to the upside.