The Boris Bounce helps sterling and stock market following UK election

The Prime Minister returns from Buckingham Palace Credit: UK Prime Minister Twitter

ALTHOUGH things can reverse rapidly, as soon as the exit poll results were released at 10pm on the night of Thursday December 12 showing a probable massive Conservative majority the pound started to jump and by the following morning stood at just under €1.20 to £1.

Shares also rose when the stock exchange in London opened the next day and it seems that investors are expecting great things (at least in the short term) from a more or less certain Brexit which will allow business to plan sensibly ahead.

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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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