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05-08-2015, 05:31 AM
Bonds and stocks rebound, sterling soars after UK election
[Reuters] - World bond and stock markets rose on Friday after a bruising week and sterling jumped to a two-month high after the business-friendly Conservative party won Britain's national elections. Sterling was up 1.4 percent against the dollar and London's FTSE led equity markets with a 1.5 percent surge to help European shares rebound from two-month lows and wipe out what had looked like being a second week of losses. With more than 75 percent of the seats counted in the UK, the Conservatives were set to govern for another five years, quashing the pre-election fears the result could have been too close to form a stable government. "The surprisingly decisive result reduces uncertainty over the next (UK) government," analysts at Morgan Stanley wrote in a note.
Bonds and stocks rebound, sterling soars after UK election - Yahoo Finance (http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/asian-shares-firm-sterling-jumps-004500310.html)
[Reuters] - World bond and stock markets rose on Friday after a bruising week and sterling jumped to a two-month high after the business-friendly Conservative party won Britain's national elections. Sterling was up 1.4 percent against the dollar and London's FTSE led equity markets with a 1.5 percent surge to help European shares rebound from two-month lows and wipe out what had looked like being a second week of losses. With more than 75 percent of the seats counted in the UK, the Conservatives were set to govern for another five years, quashing the pre-election fears the result could have been too close to form a stable government. "The surprisingly decisive result reduces uncertainty over the next (UK) government," analysts at Morgan Stanley wrote in a note.
Bonds and stocks rebound, sterling soars after UK election - Yahoo Finance (http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/asian-shares-firm-sterling-jumps-004500310.html)