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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

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