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Thursday, December 12, 2019

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

© Reuters.  © 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 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.
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