October 6, 2024

UK stocks rise and pound edges up as investors digest Labour election win

Claudio Ctin1 mins
UK stocks rise and pound edges up as investors digest Labour election win

Housing stocks up 2.3%, with victory for Keir Starmer’s party deemed ‘a major positive’ for sector

Business live – latest updatesGeneral election 2024: live news

UK stocks rose and the pound edged higher on Friday morning as investors reacted to a decisive Labour victory in the general election.

Housebuilders were the biggest gainers when markets opened, with housing stocks collectively up by 2.3%, as traders judged a Keir Starmer government to be a positive for the sector.

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