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UK Shares and GBP Rise After Election

2024-12-23OANDAOANDA
UK shares and the pound have jumped after the Conservatives won a parliamentary majority in the election. The FTSE 100 rose 116.69 points, or 1.7%, to 7,003.64, with shares in banks and energy companies seeing big gains. On the currency markets, the pound was up nearly two cents against the US dollar at $1.5438. The […]

UK shares and the pound have jumped after the Conservatives won a parliamentary majority in the election.

The FTSE 100 rose 116.69 points, or 1.7%, to 7,003.64, with shares in banks and energy companies seeing big gains.

On the currency markets, the pound was up nearly two cents against the US dollar at $1.5438.
The Conservatives have unexpectedly managed to secure a slender majority, to the relief of investors who had expected a long period of uncertainty.

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