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Jul 5, 2024 · The pound has remained stable and the markets have reacted positively to Labour's landslide election victory. Shares in leading companies on the UK stock exchange have risen reflecting ...
Jul 5, 2024 · By Katie Williams. published 5 July 2024. in Features. Sir Keir Starmer has become the UK’s newest Prime Minister, after a landslide Labour victory in the 2024 general election. The party has ...
Jul 5, 2024 · Elsewhere, the pound has had a good week, and sentiment versus the dollar remains positive post-election given the prospect of certainty and stable government. Gilt yields are steady as markets had already factored in a Labour win and its coherent fiscal plan. But worth watching for the inflation impact of any increased spending on economic growth.
Jul 5, 2024 · The pound has remained stable and the markets have reacted positively to Labour's landslide election victory. Shares in leading companies on the UK stock exchange have risen reflecting expectations among investors of a period of stability after years of market volatility under the Conservatives. The top-flight FTSE 100 rose up to 0.4% at the open before falling back after recording its best ...
Jul 5, 2024 · "Starmer tried to appeal to the markets during his election campaign by positioning Labour as a pro-business party and refraining from announcing plans for major tax increases." The muted response from both indices and the pound comes in contrast to the disastrous Liz Truss mini-budget of 2022, when the pound crashed out and investors rushed to sell London equities.
Jul 5, 2024 · Labour’s landslide win is set to enhance the attractiveness of UK markets as the prospect of a period of political stability marks the country out from some of its neighbours, investors have said.
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Jul 5, 2024 · RESULT. Keir Starmer is set to become Britain’s new prime minister following Labour's highly convincing election victory overnight. The relaxed mood across financial markets reflects the fact that Labour’s landslide win had long been predicted by the polls and therefore was already baked into market prices.
