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Pound soars and stocks surge after Tory victory
But Johnson's triumph could spell the break-up of the union that held England, Wales, Scotland and Northern Ireland
Add BT as a preferred sourcePublished Fri, Dec 13, 2019 · 09:50 PM
London
STERLING and domestic UK shares soared in the immediate aftermath of the Conservative's victory and exceeded expectations by a wide margin.
The currency hit a daily height of US$1.35, up almost 5 per cent on the previous day, but after profit taking fell back to US$1.33. Nevertheless, the currency is still 10.8 per cent higher than its August 2019 low of just under US$1.20. Sterling was also substantially higher against the euro and Singapore dollar.
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