UK Plc shares hail Johnson's storming general election victory [Reuters (UK)]
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Source: Reuters
UK Plc shares hail Johnson's storming general election victory - Reuters 3 Min Read LONDON (Reuters) - UK shares exposed to the domestic economy surged on Friday after Prime Minister Boris Johnson’s ruling Conservative Party won a solid majority, assuring markets that Britain is likely to be headed for an orderly exit from the European Union. The FTSE 100 .FTSE index rose 1.8% as a rally in utilities, retailers, housebuilders and banking stocks offset the drag from sterling, which surged to 19-month high against the U.S. dollar. Housebuilders soared 10% with Taylor Wimpey ( TW.L ), Persimmon ( PSN.L ) and Berkeley ( BKGH.L ) all reaching record highs and topping the blue-chip index. The FTSE 250 index .FTMC , home to many companies with high UK exposure, surged as much as 5.2% to record highs. More than a day's average daily volume had gone through on the FTSE 100 .FTSE index within the first two hours after open. Stocks were benefiting from the Conservative victory and reports
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