ReutersThe pound yesterday hit multiyear highs against peers after a convincing Conservative Party win in the UK election, which is expected to clear the Brexit political gridlock that has hounded Britain’s markets for years. “We’ve already seen a strong reaction in the pound from the exit poll,” said Michael McCarthy, chief market strategist at CMC Markets in Sydney. The pound surged more than 2 percent to reach US$1.3516, the highest since May last year, before settling at US$1.3469. In the onshore market, the yuan surged to 6.9570 against the US, the strongest level since Aug. 2. The Australian dollar rose 0.2 percent to A$0.6925 after briefly touching the highest since July.
