Pound jumps above $1.31 first time since May on expectation of Conservative majority
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LONDON (Reuters) - Sterling surged above $1.31 on Wednesday for the first time since early May, buoyed by growing expectations that Britain will avoid a hung parliament after next week's election and also benefiting from a broader pullback in the U.S. dollar.The currency had strengthened earlier in the day to seven-month highs as investors grew more confident the ruling Conservative Party would win an outright majority, removing some of the political uncertainty that has weighed on the..