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US stocks hit records, pound slides on UK vote

The British pound plunged to a seven-week low on Friday after a shock election result

Reuters 

The British pound plunged to a seven-week low on Friday after a shock election result cast doubt on Britain’s talks to leave the European Union, but global equity markets rallied with key indices on Wall Street hitting new record highs.   British Prime Minister Theresa May said she would form a government backed by a small Northern Irish party after her Conservative Party lost its parliamentary majority in a vote on Thursday just days before the EU departure talks begin.   Source: Bloomberg After an initial plunge, sterling pared losses against the dollar ...

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First Published: Sat, June 10 2017. 01:33 IST
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