British pound falls sharply after UK exit poll says May’s Conservatives have lost majority

Jun 8, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

The sterling fell after an exit poll said Theresa May’s Conservative party lost its majority in the British Parliament, ceding big gains to Jeremy Corbyn’s Labour party.

The sterling fell as low as $1.2704 from around $1.295 prior to the exit poll.

A BBC/SKY/ITV joint exit poll found that Corbyn’s party made significant gains, but no party won the 326 seats needed for an overall majority.

May’s party won 314 seats, according to the exit poll.

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