Listen to this article

00:00
00:00
UK prime minister Theresa May is seeking a general election on June 8 to give her ruling Conservative Party a mandate to steer the country through its EU exit talks.Here’s how the markets have reacted:
  • Volatile pound edges up against the dollar by 0.1 per cent, recovering after 0.3 per cent dip
  • UK’s 10-year gilt yields steady after announcement, having dropped 3 basis points (0.03 percentage points) in expectation of speech (yields drop when price rises)
  • FTSE 100 accelerates drops to fall 1.2 per cent on the day
  • FTSE 250 down 0.8 per cent
Copyright The Financial Times Limited 2017. All rights reserved.
myFT

Follow the topics mentioned in this article

Follow the authors of this article

Comments have not been enabled for this article.