Global stocks test record highs, pound braces for election all-nighter

LONDON - World shares took a fresh run at record highs on Thursday, as all the right messages from the U.S. Federal Reserve set traders up nicely for a packed day of milestone central bank meetings and a Brexit-defining election in Britain.

It helped Asian shares rally almost 1%, despite reports Washington will press on with new China tariffs, and solid 0.2%-0.5% gains in Europe early on left MSCI’s broadest index of world shares .MIWD00000PUS just 0.1% shy of its January 2018 all-time high. Sterling was hovering at its highest in more than two years versus the euro and close to an eight-month high versus the dollar as voting began in an election that will determine whether Britain exits the European Union next month.

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