UK markets fall, pound makes gain on early election

Описание: (18 Apr 2017) The UK's benchmark FTSE 100 stock index fell 180 points, or 2.46 percent, on Tuesday after Prime Minister Theresa May announced she plans to hold a snap general election on 8 June.
The UK pound, meanwhile, surged against the euro and the US dollar.
Chris Beauchamp, Senior Market Analyst at IG Group, said the higher currency movement is often seen alongside a fall in equities as "a lot of UK companies have earnings overseas so the rising pound makes those revenues more expensive".
He said it was the reverse of what happened following the UK's vote in June to leave the European Union, adding that it was difficult for markets to work out what happens next.
May is seeking a stronger mandate as she negotiates Britain's exit from the European Union.
She is hoping to strengthen her position in the House of Commons, where her Conservative Party has 330 seats out of 650.
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