Pound holds firm after UK exit polls signal huge Labour win

Quick Summary:

It is strongest-performing major currency against US dollar this year, with gain of 1.2 per cent.

Sterling barely budged after the release of the exit polls, and was last trading around US$1.276, up 0.1 per cent on the day, showing little change on levels seen earlier on.

The pound has edged up since Conservative Prime Minister Rishi Sunak called the election in late May, earlier than anticipated.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: July Going Investors Market Anticipated Minister British Election Prime 2024 Pound

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-05 @ 07:30:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 792 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21485608

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 5 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 10 hours ago

Coverage Areas: Singapore

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Publisher ID: #25

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