The pound and UK shares shares lower on Friday on the background of the results of parliamentary elections, as a result, colorimetrically received a «hung Parliament». The rate of the British foot was falling on Friday morning against the dollar by almost 2% as investors fear a period of political uncertainty in the country. At 7:30 GMT it traded at to $at 1,2754, decreasing by 1.57%. Futures for the FTSE 100 are down 0.4 percent, Interfax reported.
The results of the counting of the votes in 629 of 650 constituencies in the UK, the conservatives got the 304 seats in the House of Commons, the labour party — 258 seats. Thus the ruling party will not be able to gain an absolute majority in Parliament, which requires at least 326 seats.
The head of labour’s Jeremy Corbyn urged the Prime Minister Theresa may to think about retirement, discussed the creation of a coalition government. According to recent reports, the Scottish national party won 34 seats, the liberal Democrats — 12, others — 21.
Parliamentary elections, may announced at the end of April. She explained that the UK needs certainty, stability and strong leadership, and it is therefore necessary to hold early elections. In addition, she said, it will allow to unite British society before negotiations for the country’s exit from the EU.