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NewsBreak: UK Exit Poll Shows Big Tory Majority; Sterling Surges

Published 12/12/2019, 05:12 PM
Updated 12/12/2019, 05:17 PM
© Reuters.

Investing.com - The British pound jumped as the U.K. general election exit poll showed Thursday the ruling Conservative party running away with a big majority in parliament.

  • GBP/USD surged more than 2.2% shortly after the polls came out.

  • The Conservatives are predicted to win 368 seats, with opposition Labour taking 191 seats, the Scottish National Party with 55 seats and the Liberal Democrats winning 13 seats.
  • That would be the highest number of Tory seats since 1987 and the lowest number of Labour seats since 1935.
  • Latest comments

    if i start with 0¥ nd leverage 1:1000 ? 0;)
    market is about certainty or uncertainty. after initial Brexit vote, people feel uncertain about future. now, Brexit again, but it's more certain that will happen.
    you all so dop
    Britain can chewing this "Brexit bubble gum" for years. They won't win anything in the deal. Every man, every society always want to relief depending of anything surround. Just normal wish.
    Brexit will lower the inflation in Europe!
    When the Brexit vote was yes, the pound tanked. Now that the people are essentially voting yes on Brexit again, the pound surges. I swear I will never understand economics (and I'm not saying that because I shorted the pound... I've never traded currencies in my life and I don't plan to).
    My thought about GBP as well. The banks moved the currency in any direction and point to Brexit
    Good for Britain. Bad for Euro. Euro members better buy Gold now.
    Let have a deal on a Brexit
    The people have spoken..... again. So let there be Brexit!
    Hallelujah. Finally some traction to break away from the globalists. Britain deserves it's own direction. No thanks to the "queen." smh.
    it's good that a party could be a Ruling Party with a majority.no horse trading.good for the pound...
    awesome
    what a big victory for Tories. it's trust for brexit and soon exit from European union
    Congratulations, Britain!
    How can the pound  be up when Johnson wants to go through with Brexit?
    Nice 1
    This is Crazy
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