The pound held steady after exit polls showed Keir Starmer’s Labour on track for a landslide election victory, as investors bet that a decisive win would bring stability to Britain after years of political and economic uncertainty.
Since Rishi Sunak called the snap general election in the pouring rain outside Downing Street six weeks ago, financial markets have widely expected Labour to win a crushing victory. Opinion polls have shown the party heading for one of the largest majorities in modern political history.
