British financial markets reacted with glee as the Conservatives claimed election victory.
Investors breathed a sign of relief as the prospect of a hung parliament faded as the results rolled in.
The outcome put sterling on course for its biggest one-day rise against the euro since 2009.
European markets are also upbeat.
Fidel Helmer is from Hauck & Aufhaeuser Bank:
“I think right now the clear election result is seen in a positive light. A tight result would have raised the question of how Great Britain wants to set up a government and under what conditions. This could have provoked instability.”
The stability may well be short-lived the Conservatives have vowed to hold a referendum on EU membership and after the resounding success of the Scottish National Party north of the border another call for Scottish independence will be reverberating around Westminster.
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Investors breathed a sign of relief as the prospect of a hung parliament faded as the results rolled in.
The outcome put sterling on course for its biggest one-day rise against the euro since 2009.
European markets are also upbeat.
Fidel Helmer is from Hauck & Aufhaeuser Bank:
“I think right now the clear election result is seen in a positive light. A tight result would have raised the question of how Great Britain wants to set up a government and under what conditions. This could have provoked instability.”
The stability may well be short-lived the Conservatives have vowed to hold a referendum on EU membership and after the resounding success of the Scottish National Party north of the border another call for Scottish independence will be reverberating around Westminster.
View the original article here
