Sterling and St James's Place surge as Tories eye shock majority

clock

The FTSE led by financials has gained over 100 points and the pound is up 1.3% against the dollar this morning as the general election result points to a surprise majority for the Conservatives.

Sterling lept almost 2% in early trading but has dipped slightly since. The finance, housebuilding and energy sectors are all represented among the biggest gainers on the FTSE 100 at 10.30am. Wealth manager St James's Place is up 5.2%, and banking group Lloyds has risen 5.9%. Energy company Centrica has soared 6.6%. The three sectors were seen as key battlegrounds in the run up to the election, with forecasters predicting they could face stricter rules and more scrutiny under a Labour government. But with most constituencies having reported voting figures, a Conservative gove...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Budget wish lists: Advisers share hopes and fears ahead of 26 November

Budget wish lists: Advisers share hopes and fears ahead of 26 November

Is increasing income tax the chancellor’s ‘least worst’ option?

Jenna Brown
clock 17 November 2025 • 9 min read
Bank of England holds interest rates at 4% as Budget looms large

Bank of England holds interest rates at 4% as Budget looms large

Five MPC members voted to hold rates

Michael Nelson
clock 06 November 2025 • 3 min read
Partner Insight: Tariffs are here to stay. What's next for investors?

Partner Insight: Tariffs are here to stay. What's next for investors?

The current outlook for US tariffs is complex and their full impact on growth remains to be seen. Columbia Threadneedle Investments explores what advisers need to know, key events to keep top of mind and how to navigate the uncertainty.

Columbia Threadneedle Investments
clock 23 October 2025 • 5 min read