Shares and sterling are rallying as the financial markets react to the Conservative Party’s election triumph
- Latest: trade deal finally agreed
- Chancellor Javid promises ‘deal dividend’ for economy
- Billionaires’ wealth surges today
- FTSE 250 hits all-time high
- Introduction: It’s Blue Friday in the City
- Sterling hits 18-month high vs US dollar
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
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.