Business
Pound sterling surges with Conservative victory in British polls
London, May 8
The pound sterling appreciated
on Friday nearly 2 percent against the US dollar, to $1.55, following
the victory of the Conservative Party under British Prime Minister David
Cameron in the elections held on Thursday, Efe news agency reported.
After
several days of downtrend over possibilities of forming a minority
government, the Conservative's majority triumph has given new life to
the currency.
The pound exchange rate also went up against the euro by 2 percent, reaching 1.38 euros, according to latest market data.
With
the count completed in 649 of the 650 voting constituencies,
Conservatives have won 330 seats, four ahead of the magic number of 326
to reach majority in the House of Commons.
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