Pound and equities surge as European trading kicks off

The British pound is rallying roughly 2% against the US dollar following the UK election’s outcome bringing us closer to get a Brexit deal finally done as soon as next month. At the same time, equities are benefiting from a trade agreement signed off by Donald Trump on Thursday meaning no new tariffs will be introduced in two days. DAX is gaining more than 1% shortly after the opening while FTSE 250 is soaring 2.2%.

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