ELECTION MARKETS LIVE: Pound leaps with shares tipped to rise

by

ELECTION MARKETS CLOSE: Pound at $1.33 and shares leap as Tories win big majority and investors chase the Boris bounce

By This Is Money

Published: | Updated:

The FTSE 100 closed up 79.97 points at 7353.44 and the pound was at $1.33 against the dollar, as traders absorbed news of the decisive Tory election win. 

Sterling held big gains against the US dollar and the euro overnight, but receded a little during today’s session, having been above $1.35 and €1.20 at one point. 

Builders, utilities, banks and consumer facing firms have seen the biggest rises. 

> If you are reading in the This is Money app, follow this link 

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.