FOREX-Euro steady below 3-week high, focus on French election quoting : "Nasdaq Stock Market"

For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets (Writing by Patrick Graham) "You only have to look at the election decision to see that the government thinks the economy is going to slow dramatically. In line with the run-in to the U.S. election and Brexit referendum last year, most investors looked to have moved to minimise their exposure going into the vote. The pound surged 4 cents on Tuesday after Prime Minister Theresa May shocked the country by calling an early general election for June 8. If we don't get at least 3 percent growth, the quarter in general will look very weak and that will encourage more selling of the pound."


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For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets (Writing by Patrick Graham) Keywords: GLOBAL FOREX/ (REPEAT, UPDATE 2) "You only have to look at the election decision to see that the government thinks the economy is going to slow dramatically. In line with the run-in to the U.S. election and Brexit referendum last year, most investors looked to have moved to minimise their exposure going into the vote. The pound surged 4 cents on Tuesday after Prime Minister Theresa May shocked the country by calling an early general election for June 8. "I think everybody is locked down," said Simon Derrick, head of the global markets research team at Bank of New York Mellon in London.


collected by :John Miller

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