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Election 2017: Pound falls sharply but UK shares rise

Posted by Warren Fyfe on June 9, 2017 in Warren Fyfe Site

Image copyright Reuters The pound has fallen sharply after the UK election resulted in a hung parliament. Sterling’s value had dropped overnight, and as trading got underway in London it slipped further, standing 2% lower at about $1.27, with markets worried about continued political uncertainty. Against the euro, the pound was down 1.7% at 1.1350. [...]

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Corbyn calls on May to resign

Posted by Warren Fyfe on June 9, 2017 in Warren Fyfe Site

Media captionLabour leader Jeremy Corbyn: “I’m very, very proud of the campaign my party has run” Jeremy Corbyn has called on Theresa May to resign as election results point to a hung Parliament. Speaking following his re-election as the MP for Islington North, the Labour leader said people had voted “for hope for the future”. [...]

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Election results: Theresa May ‘no intention of resigning’ after losses

Posted by Warren Fyfe on June 9, 2017 in Warren Fyfe Site

Media captionTheresa May says the UK needs a period of stability The UK has woken up to a hung parliament with the Conservatives as the largest party, after the general election produced no overall winner. With nearly all results in, Theresa May faces ending up with 12 fewer seats than when she called the election. [...]

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