(Stock News Press) While the outcome of the election has resulted in a general bounce for United Kingdom equities there are some stocks that have jumped on the back of the Conservative win, or possibly a Labour loss. The victory for the Tories was huge, taking 364 seats and 43.6 percent of the vote.
“The market was flooded with many headlines this morning and some were contradictory, but overall we believed this weekend’s tariffs would probably be delayed or canceled, so the end result is not too surprising”, said John Doyle, vice president for dealing and trading at Monex Inc in Washington.
However, following the Conservative’s landslide victory, the pound has reached its highest rate against the dollar since May last year and had also jumped to a three-and-a-half-year high against the euro.
