Economics
Pound Set for 3rd Weekly Gain Versus Euro Before Polls
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The pound was set for a third weekly gain versus the euro as France and Greece prepare to hold elections this weekend amid uncertainty about the region’s commitment to austerity measures.
Gilts extended a second weekly advance as a report showed U.S. employers added fewer workers than forecast last month. A euro-area report showed services and manufacturing output shrank in April, adding to concern the region’s debt crisis will worsen. The U.K. currency headed for a weekly decline against the dollar after British house prices dropped in April.