LONDON—The euro jumped after the European Central Bank’s governing council said it would hold an unscheduled meeting on Wednesday to discuss the recent sell-off in government bond markets, hours ahead of a closely-watched meeting of the U.S Federal Reserve.
The European common currency rose as to as high as $1.0508 following the announcement, which comes after the spread between government bond yields from Germany and more indebted southern nations, particularly Italy, soared to more than two year highs.
