Thu. Jan 21st, 2021

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

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.

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