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Britain's pound dives after UK election shock, lifting main FTSE shares

The surprise result raised questions about how Britain will advance with its plan to leave the EU

Reuters  |  London 

Britain's pound tumbled as much as 2.5 per cent on Friday, lifting the country's main FTSE share index, following an election that denied any party a majority in parliament and fomented political chaos just days before Brexit talks begin. With no clear winner emerging from Thursday's election, Prime Minister Theresa May signalled she would fight on and try to form a government, despite having failed to win the stronger mandate she had sought to conduct exit talks with the rest of the European Union. The surprise result raised questions about how Britain will advance ...

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First Published: Fri, June 09 2017. 17:29 IST
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