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Euro inches up after Macron’s victory, gains against bruised sterling

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Reuters UK

By Alun John HONG KONG (Reuters) – The euro gained a fraction in early trade on Monday following French President Emmanuel Macron’s comfortable Sunday defeat of far-right rival Marine Le Pen, the outcome largely expected by markets and political analysts. The euro opened higher at $1.0840, was last trading at $1.0807, up 0.12% from Friday’s close, but couldn’t break far from a two-year low hit last week. The currency rose 0.14% against sterling to 84.22 pence, hitting a three-week peak in early trade. With 97% of votes counted, Macron was on course for a solid 57.4% of the vote, interior minis…

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