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Economic summary

United Kingdom

• Sterling slumped after the UK general election resulted in a hung parliament, with the Conservatives having to secure the support of the Northern Irish Democratic Unionist Party and the Queen’s Speech at risk of being voted down.

• The FTSE 100 and 250 reached new highs in early June, at 7,598 and 20,081, respectively, as a flurry of stronger economic data hit headlines.

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