Peter Toogood, CIO at Embark Group, summed up the result as “truly disastrous” for the Conservatives and for Theresa May personally.
“A setback for Brexit as we are a long way from a strong and stable government,” he remarked.
“The pound will take the strain initially but a more redistributive and left-leaning government is a distinct possibility, which is unlikely to be particularly supportive for risk assets.
“We are about to live in interesting times.”
