LONDON, June 14 Reuters Sterling was on track for its biggest weekly gain against the euro in nearly seven months on Friday, as investor concerns sparked by France39;s snap election continued to pummel the euro zone currency.

The euro was broadly flat on the day against sterling at 84.09 pence, but was on course for a nearly 1 weekly fall its biggest since November 2023.

The pound slipped 0.4 on the day against the broadly stronger dollar, to 1.27065.

The euro has tumbled across the board this week as opinion polls project that Marine Le Pen39;s far right National Rally RN party is on track to come out top in the French elections.

Markets appear to be taking Britain39;s own general election largely in their stride so far, with the opposition Labour party currently projected to win comfortably next month.

Labour has tacked to the centre ground in recent years which has helped reassure businesses, although some of their policies have unnerved the superrich.

The Bank of England BoE is set to meet on June 20 to determine its monetary policy, with markets betting the central bank will hold the benchmark interest rate at 5.25, despite the European Central Bank cutting earlier this month.

Market pricing suggests a 91 chance that the BoE will hold, with a 9 chance of a reduction.

While headline UK inflation has fallen close to the BoE39;s 2 target, it was much higher than expected in the key services sector in April, and 6 wage growth in May remained roughly double the…