Market News
Sterling edges down against euro after German election - REUTERS
Feb 24 (Reuters) - The pound traded lower against the euro on Monday after Germany's conservatives won a national election as expected.
The euro initially rose to its highest in more than two weeks against the pound, but pared some of those gains and was last up 0.1% with one euro at 82.91 pence.
Friedrich Merz was set to become Germany's next chancellor after his party emerged victorious in Sunday's election, though he faces complex and lengthy coalition negotiations after the far-right Alternative for Germany (AfD) surged to a historic second place in a fractured vote.
