Sabato, 20 Aprile, 2019

Flight shares soar as pound sinks after election shock

Flight shares soar as pound sinks after election shock Flight shares soar as pound sinks after election shock
Parmenio Sano | 11 Giugno, 2017, 07:01

Falls for sterling have tended to support London's internationally-focussed FTSE 100 blue chip index.

That still left sterling down 1.7 percent against the dollar on the day and on track for its biggest one-day fall since last June, though that move was dwarfed by an nearly 8 percent dive the day after last June's European Union referendum.

The initial exit poll predicted the Conservatives, traditionally favoured by markets as pro-business and fiscally prudent, would win 314 seats in the 650-member parliament and the opposition Labour Party 266, meaning no clear victor and a "hung parliament".

The pressure on the pound was reflected on stock markets with the FTSE 100 gaining 1% to close at 7527.

By 0530 GMT, sterling was 1.5 percent lower on the day at $1.2753 - having fallen as low as $1.2693 - and 87.78 pence per euro.

The pound was nearly back to where it had been trading before May called the election on April 18 gave it a boost.

Sterling also plummeted off the back of the result and suggestions that Mrs May will not stand down as Prime Minister, trading 2% down against the dollar at 1.27 USA dollars.

The currency market's reaction signalled the extent of worries about political uncertainty ahead, with the potential to hit Brexit talks and damage Theresa May's negotiating hand.

Michael Hewson, chief market analyst at CMC Markets, said the result could threaten the Brexit negotiations, which are due to begin in 11 days time.


However, the result did not spark the sell-off some market commentators had expected - with Mrs May confirming she planned to form a minority government.

As Theresa May was quick to form a partnership with the Democratic Unionist Party (DUP) fears of political instability eased somewhat, even though the future of the Prime Minister remains uncertain.

But uncertainty still looms and Brexit talks are scheduled to begin shortly, on June 19.

"Following what is widely regarded as a poor campaign and failure to translate a strong lead in the polls into a larger majority in the Commons, we expect May is likely to resign", Citi said, adding that a new election was possible.

The rival Labour Party, led by Jeremy Corbyn, is predicted to get more than 260 seats.

"Agreeing transition arrangements and guaranteeing European Union citizens' rights should be early priorities to get the talks off to a good start and show to the world that trade and people come first".

The Federation of Small Businesses suggested the start of Brexit talks be suspended.

"The result is likely to call the position of the prime minister into question, the government is likely to be relatively weak, and the result further complicates the upcoming Brexit negotiations", he said.

Consigliato

  • Napoli e Roma ci provano per Suso, il Milan ci pensa

    Napoli e Roma ci provano per Suso, il Milan ci pensa

    L'impressione è che l'accordo si troverà comunque entro il 30 giugno. riproduzione riservata ®. Intanto la Roma osserva: si pensa a Suso come eventuale sostituto di Salah .
    Curfew lifted from Mandsaur city, prohibitory orders to remain in force

    Curfew lifted from Mandsaur city, prohibitory orders to remain in force

    He also said that the chief minister met farmers' leaders on June 4 and assured that their problems will be resolved. The SP said police is trying to identify the culprits by going through the video clips of the incidents of violence.
    Pound dives on fears UK election may produce no clear winner

    Pound dives on fears UK election may produce no clear winner

    Mr Timothy said: "I take responsibility for my part in this election campaign, which was the oversight of our policy programme". With one result to be declared, the Conservatives have won 318 seats, gaining 20, losing 32 giving them an overall loss of 12.
  • La potenza della Honda Civic HF 2014

    Una potenza da non sottovalutare per una macchina di questa gamma, da accoppiare ad una guidabilità invidiabile. Da non sottovalutare anche il "Display Audio" da accoppiare (se richiesto) al sistema di navigazione.

    Army chief visits troops along LOC

    "One infiltrator was killed after our alert troops foiled an infiltration bid in Gurez sector", Kalia told Xinhua. Pak's continuing support to separatists in J&K is crystal clear going by its Army chief's statement on Saturday.
    Playoff scudetto: Venezia vs Trento, una nuova finale tra due vecchie conoscenze

    Playoff scudetto: Venezia vs Trento, una nuova finale tra due vecchie conoscenze

    Venezia favorita e fattore campo che vede gara-1 in casa dei lagunari, le coincidenze, per chi ci crede, sono davvero molte. Trento colpisce con le sue armi: difesa, energia e transizione veloce, che mettono in difficoltà una contratta Venezia .
  • Trump commits to NATO's Article 5

    Trump commits to NATO's Article 5

    Questioned about Comey's central claim that Trump told him to lay off Flynn, the president responded: "I didn't say that". He said it is time for countries like Romania to be more involved in the burden sharing of defense spending.
    Bonucci, dall'estero non si arrendono: offerta Chelsea e spunta il Real Madrid

    Bonucci, dall'estero non si arrendono: offerta Chelsea e spunta il Real Madrid

    Movimenti in difesa in casa Juve: via Bonucci , si sondano le alternative. E' un grande portiere, non più un emergente.

    British PM Theresa May to form government after party weakened by election

    Shadow chancellor John McDonnell told the BBC that Labour is "ready to form a government....we are willing to serve the country". Together the Tories and the DUP would have 329 MPs, which would be enough to govern and pass the Queen's Speech .
  • Apple aggiorna i MacBook

    Apple aggiorna i MacBook

    Ancora, però, su questo non ci sono grandissime informazioni neanche sul tipo di processore che verrà utilizzato. Nessun cambiamento invece per quanto concerne il design , la TouchBar o il parco porte disponibili.

    Conservatives begin talks with DUP over alliance

    She led the party to an astonishing result in Scotland, winning an extra 12 seats in Thursday's election. The DUP is known for its anti-abortion and anti-gay marriage views as well as its links to terrorism .

    Garcetti says city will follow Paris Agreement goals

    "Now, mayors from every corner of our nation are joining the call to action, and uniting to carry the fight against climate change forward in our cities".

London police arrest 6 as attack footage is released London police arrest 6 as attack footage is released Questions are being raised about whether British police missed crucial warning signs that could have prevented the attack. Collina said she was convinced her son had been radicalised while living and working near London in recent years.

EU presses Britain to get its act together for Brexit talks EU presses Britain to get its act together for Brexit talks Nearly unanimously, calls for the U.K.to quickly form a government were ultimately calls for beginning Brexit talks as soon as possible.

Texas governor out to quiet doubts over who's in charge Texas governor out to quiet doubts over who's in charge Kyle Biedermann, R-Frederickburg, wrote in a text to a constituent, according to The Dallas Morning News . Other issues include a number of education bills that didn't make it through the regular session.

Trump lawyer denies president demanded Comey's loyalty Trump lawyer denies president demanded Comey's loyalty There were a number of interactions in which the president was accused of acting in behaviour that not befitting the Oval office. Senator Risch said: "We know exactly what happened at these meetings because of your contemporaneous notes and quotes". "Mr.

Cink, Cabrera Bello among 3 leaders at St. Jude Cink, Cabrera Bello among 3 leaders at St. Jude Starting on the back nine, the two-time European Tour victor bogeyed the par-4 11th but recovered with eight birdies in total. The six-time PGA Tour victor wasn't very competitive from 2014 to 2016, with just one top 10 finish during those three years.

Ton-up Shakib and Mahmudullah stun New Zealand Ton-up Shakib and Mahmudullah stun New Zealand By the time Al Hasan was out, his side needed just nine runs to win with 21 balls remaining and the result was merely a formality. However, the partnership between Shakib and Mahmudullah brought them back into the game and steered the team to seal a victory.

Bolt wins final 100 meters race on home soil Bolt wins final 100 meters race on home soil Meanwhile, Olympic champion and 400m world record holder Van Niekerk will take on Rasheed Dwyer, Nigel Ellis, Zharnel Hughes and Warren Weir in the men's 200m.

Luciano Spalletti è il nuovo tecnico dell'Inter Mercoledì pomeriggio , alle 12, la presentazione nella sala stampa del Centro Sportivo Suning in memoria di Angelo Moratti . Una scelta obbligata, quella di Suning che si ritrova con un tecnico che era l'ultima scelta.

Trump expected to announce Cuba policy next week in Miami Trump expected to announce Cuba policy next week in Miami In 2014, President Barack Obama opened the doors between the neighboring nations following decades of a non-relationship. Obama implemented his normalization measures through executive actions, and Trump has the power to undo much of it.

Unseeded Ostapenko Tops Halep at French Open for 1st Title She kept Halep waiting on the baseline for almost a minute as she rearranged her towels and her bag at the start of the match". Several parliament lawmakers, ministers and Riga City Council lawmakers have also praised Ostapenko's victory.

Tapwrit rallies in stretch to win Belmont Stakes Neither Kentucky Derby victor Always Dreaming nor Preakness Stakes victor Cloud Computing participated in Saturday's race. While there's no triple crown at stake, it's still one last chance to watch one of horse racing's classic events.

Trump says Comey cleared him. He didn't Trump says Comey cleared him. He didn't Kasowitz also maintained that the testimony made clear that Trump "never, in form or substance, directed or suggested that Mr. Before that, he spoke at the Transportation Department about his plan for improving the country's roads and bridges.

Hill, Maeda combine to five-hit Reds in Dodgers' win Hill, Maeda combine to five-hit Reds in Dodgers' win Corey Seager came into this set with 59 hits, 41 runs and 25 RBI, while Justin Turner had 53 hits, 18 runs and 17 RBI. Maeda yielded a run and three hits, fanned five and walked none in his first appearance out of the bullpen.

Wilson could return for Predators in Game 5 of Cup Final Nashville went 3-1 in elimination games past year and is facing elimination for the first time this postseason on Sunday. And yet, Josi, who has been Nashville's best defencemen in the playoffs, was not prepared to take a bow for his efforts.

Trump accuses ex-FBI chief Comey of lying Comey said the president's message convinced him he needed to get his account, detailed in contemporaneous memos, out quickly. Comey's testimony was met with respect from members of both parties on the Senate Intelligence Committee, for the most part.