Sterling strengthens following Labour win, French election outcome

The pound traded at a three-week high against the euro on Monday, after Sunday’s election in France looked likely to result in a hung parliament that raises the risk of political gridlock in the euro zone’s second-largest economy.

In the UK, new Finance Minister Rachel Reeves will pledge on Monday to take “difficult decisions” to drive economic growth, including swift changes to unblock infrastructure and private investment, in her first major speech since Labour won power last week...