Pound tumbles as exit poll suggests British hung parliament
Entry posted by waqas dar
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File Photo NEW YORK: The British pound fell sharply Thursday after an exit poll suggested Prime Minister Theresa May´s Conservatives could lose their majority after losing seats in the general elections.
The British currency was trading at $1.2751, down 1.5 percent from the day-before level.
An exit poll released shortly after the vote ended showed conservatives were set to win 314 seats -- a loss of 16 -- followed by Labour on 266 -- a gain of 32 -- the Scottish National Party on 34 and the Liberal Democrats on 14.
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