The Great British Pound (GBP) surged by 1% against the US dollar to $1.54 after tonight’s exit poll was published.
Senior market analyst at IG, Chris Beauchamp, has reported that the Tory’s performance has resulted in electrifying the markets, sending sterling 150 points up against the US dollar.
If the Conservatives are strong in the next government, this has suggested that the economic policies of the past term will continue, good news for most involved with the market and trade.
This also removes concerns about an early end to austerity.
However, if Conservatives do form the next government, this also makes the likelihood of a referendum concerning Britain being part of the EU more and more realistic, which could see the pound drop back down fairly soon.
Pound also jumped 1% against the euro to €1.366 after the exit poll. Early days though… #GE2015
— Graeme Wearden (@graemewearden) May 7, 2015
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