Pound and equities surge as European trading kicks off

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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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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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