Sterling sets two-week high on eve of UK vote on prospect of May win

From reuters.com

Sterling climbed to a two-week high against the dollar on Wednesday, with investors increasingly taking the view that Prime Minister Theresa May's party will win a majority in Britain's general election on Thursday. The pound broke out of a half-cent trading range seen for most of the European morning to touch $1.2970 by 1445 GMT and was last up 0.4 percent on the day at $1.2960."I think we're seeing a Conservative majority being priced into the market," said Jake Trask, corporate dealer at OFX. Trask noted that sterling broke out of its range at around the same time that bookmakers' odds shifted to reflect an ... (full story)