British pound tumbles as UK election adds to uncertainty

British pound tumbles as UK election adds to uncertainty

The pound plunged Friday as Prime Minister Theresa May’s Conservatives lost their parliamentary majority in Britain’s general election, fuelling political uncertainty just days before the start of Brexit talks, but Wall Street shot to record highs as Donald Trump hit back at his critics. May had called Thursday’s snap vote in a bid to boost her Conservative party’s hold over parliament and give her a stronger hand in upcoming talks with EU leaders over the country’s detachment from the bloc.

…read more

Source:: Yahoo News

Real Time Analytics