Sterling hits new highs against dollar, euro on election optimism

LONDON (Reuters) - Britain's pound rallied to a new seven-month high against the dollar and 2-1/2 year peak versus the euro on Thursday, extending recent gains on a growing expectation that next week's general election will not result in a hung parliament. In early trade, sterling rose 0.3% to a as high as $1.3146 . It also firmed 0.3% against the euro to 84.31 pence, its strongest level since may 2017 .Forecasts that the ruling Conservative Party will win an outright majority, removing some of..