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Miners to suffer from rising pound after UK election

Mining stocks could be negatively affected by a stronger pound following the Conservatives’ victory in Thursday’s general election, according to market analysts - but the removal of Brexit uncertainty may point in the opposite direction longer term.

Miners to suffer from rising pound after UK election Miners to suffer from rising pound after UK election Miners to suffer from rising pound after UK election Miners to suffer from rising pound after UK election Miners to suffer from rising pound after UK election

A dramatic rise in the pound on Friday will hurt mining stocks - but the longer-term outlook is less clear

In a note on Friday, Jefferies listed mining among the sectors most negatively impacted by the UK election, based on a dramatic rise in the value of the pound following the result.