Christine Lagarde could leave the European Central Bank nearly a year early to become chair of the World Economic Forum, according to four people close to the organisation who spoke to Reuters. The WEF Board of Trustees, which includes Lagarde, was due to meet on November 2 and could elect her, though no final decision has been made and the board may instead set a vote date ahead of Davos in January. An early exit would let EU leaders choose her successor before Macron's term ends in May, and would add a second vacancy after Isabel Schnabel's recent resignation and Philip Lane's planned May departure. Klaas Knot and Pablo Hernandez de Cos are seen as frontrunners to succeed her. The ECB declined to comment.
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EUR/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.12393 |
| Change that session | +0.16% |
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