Euro awaits ECB, sterling hits 2-week high on UK election day quoting : "Nasdaq Stock Market"

"Markets appear to be pricing in a Conservative Party majority victory," said Jasslyn Yeo, market strategist in Singapore for J.P. Morgan Asset Management. REUTERS/Toby Melville/FilesFILE PHOTO: Dollar, Euro and Pound banknotes are seen in this picture illustration taken April 28, 2017. The ECB is widely expected to keep policy unchanged on Thursday, including its 2.3 trillion euro ($2.59 trillion) bond-buying program. If the Conservative Party gains a decisive majority of more than 50 seats, that would probably be seen as a positive outcome for sterling, Yeo said. REUTERS/Dado Ruvic/IllustrationLONDON The euro steadied near six-month highs on Thursday ahead of a European Central Bank policy announcement while sterling set a two-week high as markets priced in a victory for Britain's Conservative Party in national elections.


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The ECB is widely expected to keep policy unchanged on Thursday, including its 2.3 trillion euro ($2.59 trillion) bond-buying programme. The pound traded at $1.2960 , staying near a peak of $1.2970 set on Wednesday, its highest level since May 25. [nL8N1J45JC] To see a Reuters interactive graphic on the election polls and results, click on: http://tmsnrt.rs/2q7tC48 "Markets appear to be pricing in a Conservative Party majority victory," said Jasslyn Yeo, market strategist in Singapore for J.P.Morgan Asset Management. Earlier in June, the euro reached a high of $1.1285, its highest level in about seven months. The euro inched up 0.1 percent to $1.1261 , with the market's focus on the ECB's monetary policy announcement due later on Thursday.


collected by :John Miller

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