Tue. Sep 29th, 2020

London stock market surges by £33bn after Conservative election win – business live

Shares and sterling are rallying as the financial markets react to the Conservative Party’s election triumph

4.23pm GMT

Bruce Dear of law firm Eversheds Sutherland isn’t convinced that hordes of overseas buyers will now charge into the UK property markets.

He predicts some caution, while they see how Britain’s economy copes after Brexit (coming our way in under 7 weeks).

Our Head of London Real Estate @bruce_dear expects that international property investors will be cautious about UK investment, and will wait to see the effects of Brexit #UKElectionResponse #GE2019 pic.twitter.com/iVYWneEKoY

4.21pm GMT

Back in London, UK stocks are dipping back somewhat as the session draws to a close.

The FTSE 100 is still comfortably higher, up 84 points or 1.1% at 7358.

Continue reading…Shares and sterling are rallying as the financial markets react to the Conservative Party’s election triumphLatest: trade deal finally agreedChancellor Javid promises ‘deal dividend’ for economyBillionaires’ wealth surges todayFTSE 250 hits all-time highIntroduction: It’s Blue Friday in the CitySterling hits 18-month high vs US dollar 4.23pm GMTBruce Dear of law firm Eversheds Sutherland isn’t convinced that hordes of overseas buyers will now charge into the UK property markets.He predicts some caution, while they see how Britain’s economy copes after Brexit (coming our way in under 7 weeks).Our Head of London Real Estate @bruce_dear expects that international property investors will be cautious about UK investment, and will wait to see the effects of Brexit #UKElectionResponse #GE2019 pic.twitter.com/iVYWneEKoY 4.21pm GMTBack in London, UK stocks are dipping back somewhat as the session draws to a close.The FTSE 100 is still comfortably higher, up 84 points or 1.1% at 7358. Continue reading…

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