At Last
Some Clarity
IT’S 11AM THE day after the
2020 General Election – there
was no way this page could
have been written any earlier.
Overnight Boris Johnson
had secured the largest UK
parliamentary majority since
1987 guaranteeing his party fi ve
years in power and in essence
safeguarding his plan to leave
the EU at the end of January
2020.
Clarity is what business
craves and this election seems
to have provided just that.
Analysts are predicting an
increase in inward investment
to the UK as well as the
brakes being taken off many
business projects that had
been put on hold by a lack of
confi dence brought about by
the uncertainty.
As for the markets; the
pound started a signifi cant
rise against the US Dollar and
Euro as soon as the exit poll
was announced indicating a
healthy working majority for the
management of our country.
Shares have not really
responded as yet other than to
say that the FTSE opened up
with a 100 points rise and the
wider FTSE 250 rose around
1000 points at the sane time.
BY IAN HUNTER
Pre & Post EU Referendum Vote
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CITY TALK
Indicator 23 Jun 16 13Dec
Change Change %
FTSE 100 6,338 7393.00 1055.00 16.65%
FTSE 250 17,333 21684.00 4351.00 25.10%
BT 439.70 203.50 236.20 53.72%
Vodafone 217.90 145.72 72.18 33.13%
TalkTalk 226.60 107.20 119.40 52.69%
Gamma 440.50 1227.00 786.50 178.55%
£/$ 1.487 1.340 0.15 9.89%
£/€ 1.307 1.199 0.11 8.26%
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