Omnis market update 12 June

Despite falling in the days leading up to the election, the FTSE 100 rebounded on Friday. Many of the companies listed on the index earn profits overseas, so they benefited as sterling weakened against the dollar and other major currencies in response to the general election result. The pound recovered slightly after Prime Minister Theresa May looked to agree a deal with the Democratic Unionist Party (DUP) to keep the Conservatives in power.

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