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Pound, stocks surge following Conservatives win in UK election

The pound and shares have surged after the Conservatives won a clear majority in the UK general election.
 
Sterling rose to its highest level since May last year on hopes that the big majority would remove uncertainty over Brexit.
 
The pound also jumped to a three-and-a-half-year high against the euro.
 
On the stock market, the FTSE 100 share index rose 1.1%, while the FTSE 250 - which includes more UK-focused shares - briefly hit record highs.
 
It closed 3.4% higher.


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