Sunday November 1, 2020

Election uncertainty sends sterling reeling

Analysts say result increases chance of 'chaotic' Brexit

9th June, 2017
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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