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World

Labour passes its first test with the markets

5 July 2024

8:48 PM

5 July 2024

8:48 PM

Markets don’t like surprises. And the election results, while explosive, are not a surprise – or at least the winner isn’t. Labour has secured a substantial majority, as markets had been expecting the party to do from the start of the election. No surprise this morning means no immediate jitters, as the result was already priced in.

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