A clear majority
Boris Johnson has won one of the most decisive election victories in recent political history. By giving the Conservatives a majority of 78, the largest since 1987, the Conservatives have broken the deadlock that had taken over British politics since the 2017 election.
The pound has reacted strongly to the new-found certainty that business and the economy have not had for years. Pundits are focusing on the certainty this result will mean for Brexit. The result also gives business a new certainty. It will not need to adapt to the whims of a Marxist government with little regard for private property and which might bankrupt the country.