Pound and shares surge after election results
The pound and shares have surged after the Conservatives won a clear majority in the UK general election.
Sterling gained 1.9% to $1.34 – its highest level since May last year – on hopes that the big majority would remove uncertainty over Brexit.
The pound also jumped to a three-and-a-half-year high against the euro.
On the stock market, the FTSE 100 share index rose 1.5%, while the FTSE 250 – which includes more UK-focused shares – leapt 4%, hitting record highs.
Prime Minister Boris Johnson said the election result meant that the Conservative government “has been given a powerful new mandate, to get Brexit done”.
Mr Johnson has pledged to take the UK out of the European Union by 31 January.