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AOL.CO.UK declare : Pound rises and FTSE 100 Index falls amid conflicting election polls

collected by :John Locas

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The FTSE 100 Index had managed a mid-session record of 7,586.45, before giving up its gains at the close to finish 6.56 points down at 7,519.95.
Blue-chip companies, which report in US dollars or euros, get a lift on the FTSE 100 Index when the pound suffers because their earnings benefit from a more favourable currency translation.
London’s blue-chip index fell from record heights and the pound bounced back as conflicting General Election polls led to choppy trading on the financial markets.
The biggest fallers on the FTSE 100 Index were Rio Tinto down 80.5p to 3102.5p, BHP Billiton down 29.5p to 1173p, Glencore down 6.9p to 285.1p, Anglo American down 24.5p to 1031.5p.
The biggest risers on the FTSE 100 Index were Randgold Resources up 200p to 7,365p, Mediclinic International up 19p to 808.5p, Barratt Developments up 11p to 612.5p, Merlin Entertainments up 9.5p to 529p.

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“Had the result been closer, investors would have been more nervous, but it still looks unlikely that Jeremy Corbyn will get anywhere near No.
The FTSE 100 is set to open higher after the election outcomeThe country’s bluechip stocks surged by around 90 points after the opening, taking the FTSE 100 up by 1.2 per cent, as the election revealed that Conservatives failed to win a majority.
The FTSE 100 scaled back some of it gains as the day wore on, but remained above 7,500 on Friday afternoon despite dipping earlier in the day.
By contrast, Germany’s top stock index the DAX lifted just 0.25 per cent in trading and France’s CAC was up by only 0.15 per cent.
However, the domestically-focused FTSE 250 had a tougher ride, falling almost one per cent before paring back losses to around 0.2 per cent by the afternoon.

FTSE 100 live: Stock index surges after 2017 election results in hung parliament

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