Sterling spikes on Conservative majority

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Sterling reacts to election results
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Sterling reacts to election results

The pound surged against both the US dollar and euro after the Conservatives won a landslide majority at the UK General Election on Thursday (12 December).

Sterling jumped almost 3% to touch 1.3514 against the US dollar, a 19-month high, as markets celebrated the defeat of Jeremy Corbyn's Labour party. Against the euro, sterling hit a high not seen since...

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