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    FTSE 100 And Pound Rally On Tory Election Win

    eyesnews
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    الجنس : ذكر عدد المساهمات : 555
    تاريخ التسجيل : 08/03/2014

    نيو FTSE 100 And Pound Rally On Tory Election Win

    مُساهمة من طرف eyesnews السبت مايو 09, 2015 2:24 am

     FTSE 100 And Pound Rally On Tory Election Win   200275109-001-1-762x428


    The FTSE 100 rallied strongly while the pound has made strides against the dollar and euro following the Conservative victory in the General Election.

    The 'relief rally' - which reflected an end to fears of a hung parliament and days of uncertainty over a new Government - was felt first on the currency markets as sterling put on 2% against the dollar.

    The blue-chip FTSE 100 index ended 2.3% higher at 7,046.82 points - close to the record high of 7,122.74 points reached last month.

    A fall for the FTSE had been tipped until it became clear that David Cameron's Tories would lead the next Government.


     FTSE 100 And Pound Rally On Tory Election Win   Cridland-1-762x428


    The Conservatives are generally seen within the investment community as more market-friendly than Labour, which endured the additional humiliation of shadow Chancellor Ed Balls losing his seat.

    The top riser on the FTSE 100 for much of the day was Centrica - the owner of British Gas - which, like its 'big six' rivals, had faced the prospect of being placed under energy bill price freeze restrictions had Ed Miliband won the keys to Number 10.

    Housebuilders, part-nationalised banks RBS and Lloyds and even bookmakers were also among the sectors enjoying solid gains.

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