Pound and FTSE 100 edge up amid ‘relaxed mood’ on London market after Labour win

The pound stood firm and London’s blue chip share index nudged higher as markets remained in a “relaxed mood” after Labour’s dramatic, but expected, victory in the General Election. With a significant Labour majority already having been priced into financial markets, there was a muted reaction to the election result as investors looked to the new political era as promising stability and calm, according to experts. Sterling lifted 0.1% to 1.278 US dollars – the highest level since mid-June – and was up 0.01% at 1.180 euros, while the FTSE...