Sunday November 1, 2020

Election uncertainty sends sterling reeling

Analysts say result increases chance of 'chaotic' Brexit

9th June, 2017
2
British PM Theresa May speaks after returning from Buckingham Palace. Pic: Getty

British prime minister Theresa May has confirmed that she plans to form a new government, with the backing of Northern Ireland’s Democratic Unionist Party, despite falling short of a majority in the country’s general election.

May spoke outside Downing Street after a visit to Buckingham Palace for talks with Queen Elizabeth.

The uncertainty caused by the election outcome had an immediate effect on the value of sterling.

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