— more to come
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Prime Minister Boris Johnson’s Conservative Party was expected to win an absolute, albeit narrow majority in parliament. A hung parliament has not been ruled out. Investors would prefer the PM to hold onto his job and follow through with ratifying his Brexit accord and enacting business-friendly policies. A hung parliament may lead to LAbour leader Jeremy Corbyn becoming PM and leading a minority or coalition government.
GBP/USD has experienced a broad range during election day, moving beetween the highs of 1.3230 and the low of 1.3050.
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