Pound jumps as exit poll shows Conservative majority in British vote

Win for Boris Johnson can provide some clarity for UK’s economy. FMTNews British

NEW YORK: The pound sterling leapt higher on Thursday after exit polls showed Prime Minister Boris Johnson’s ruling Conservative Party on track to win a wide parliamentary majority, a result seen as hastening Brexit.

Shortly after 2200 GMT, a pound rose about 2% against the dollar US$1.3416 and was up 1.6% against the euro at 83.25 pence. The bank left interest rates unchanged and a maintained its massive bond-buying program, as expected.

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