Reported about 1 year ago
The pound ticked up against the euro and dollar following Keir Starmer's Labour party election win, with Sterling trading higher at $1.27 and almost flat against the euro. Labour won 410 seats, leading to the incumbent Conservative government's defeat. Investors are optimistic about potential economic improvements under the new leadership. Pound's performance reflects a positive outlook for the post-Brexit period.
Source: YAHOO