Pound climbs after Labour’s UK election win


New York: The pound advanced Friday after Britain’s center-left Labour Party clinched an expected landslide election victory to end 14 years of right-wing Conservative rule.

London’s benchmark FTSE 100 index gave up early gains made following news that Keir Starmer would become Britain’s new prime minister, after Labour trounced Rishi Sunak’s Conservatives as Wall Street opened.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
pound , Britain , Labour Party , election

Next In Business News

Defensive counters in favour as sentiment turns cautious
Ringgit opens higher vs US$ as Fed rate hike expectations ease
Trading ideas: Malakoff, Bus Cap, West River, OCR, Destini, MSC, Lotte, FGV, AMMB, JPG, Master Tec, Kawan, DRB-Hicom, KPJ, Hume, Duopharma
Oil hits three-week high as US-Iran peace hopes fade
Dutch Lady cautiously optimistic on the year ahead
Nurul Muhaniza named group MD of FGV
AmBank makes resilient start to FY27
Better dividends, Prasarana jobs fuel HI Mobility
Tencent debuts first cloud region in Johor
Record 1H revenue for Lagenda as it eyes growth

Others Also Read