Pound sterling surge: Calm before the Brexit storm?

London

BRITISH Prime Minister Boris Johnson's convincing electoral win has set a path forward for British businesses in the short term. At a minimum, there is now some certainty that the UK will leave the European Union (EU) - and soon.

In particular, analysts said, the outlook for small caps has improved on the back of expectations for greater domestic certainty on multiple fronts. Companies can now move forward on decisions involving resources, creating employment and economic opportunities.