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    MORNING BELL: Dollar struggles; sterling eyes election

    The dollar languished at its lowest point in over two months against a basket of major currencies early on Thursday, under renewed pressure from disappointing data, while a further spike in German yields gave the euro some support. Dollar bulls are looking for evidence that the U.S. economy has bounced back following a very soft patch in the first quarter. The euro jumped to a two-month high of $1.1371 , continuing to pull away from a 12-year trough of $1.0457 plumbed in March. 

    Sterling shed one percent against a broadly stronger euro on Wednesday, hitting a three-month low versus the euro just a day before Britons vote in the most closely fought national election in a generation. Against the euro, sterling was down 1 percent at 74.47 pence.

     


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