Pound jumps 3pc against dollar to 18-month high after exit poll
Analysts say exit poll points to ‘best outcome for markets’
The pound has skyrocketed to its highest level in 19 months as the City cheered a strong Conservative majority promising to finally end the Brexit deadlock. Investors piled into sterling after the exit poll suggested Boris Johnson would be given a majority strong enough to put to bed the uncertainty plaguing businesses and the economy. After sinking during nervy trading in the run-up to the exit poll, the pound erased early losses to soar 3pc against the dollar in just half an hour, breaking past the $1.35 milestone. Top banks drafted in traders for a frantic night of dealing on currency markets with analysts predicting that sterling could build on its initial gains if the Tories secured their predicted majority. Nick Note: We are getting kiiled in our pound trade…. But the January deadline will lead into years of negotiations…. talk about the worst trade deal in history. England will be the slave on Europe. It called the fine print that NO ONE has read never mind understand.