Analysts at Danske Bank point out that yesterday marked the end of an era, as Angela Merkel announced she will step down as head of her political party, the CDU. Key Quotes “The dismal election results in the state of Hesse were the last straw for the G7’s longest serving head of state. Although Merkel will not seek re-election as the head of her party CDU in December, she will remain Chancellor until the end of her term in 2021.” “Mirroring pan-European political developments, large German mainstream political parties have witnessed eroding popular support. On the right, the CDU and CSU have been under pressure from the right-wing populist party AfD.” “At the other end of the political spectrum, SPD has been hurt by the rise in popularity of the Green party. German government bonds underperformed on worries concerning the sustainability of Germany’s government. We do not think Merkel’s decision will undo Germany’s solid fiscal stance.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin price analysis: BTC/USD calm after the storm FX Street 4 years Analysts at Danske Bank point out that yesterday marked the end of an era, as Angela Merkel announced she will step down as head of her political party, the CDU. Key Quotes "The dismal election results in the state of Hesse were the last straw for the G7's longest serving head of state. Although Merkel will not seek re-election as the head of her party CDU in December, she will remain Chancellor until the end of her term in 2021." "Mirroring pan-European political developments, large German mainstream political parties have witnessed eroding popular support. On the right, the CDU and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.