The U.S. dollar was hovering near three-week lows on Friday ahead of payrolls data that will likely influence the outlook for rates, while the pound was firm as the Labour party looked set to win a massive majority in the UK general election.

UK stocks rose and the pound edged higher on Friday morning as investors reacted to a decisive Labour victory in the general election. After a landslide for Keir Starmer’s party that was widely expected in financial markets,

The British Pound Sterling saw a notable surge on Friday, June 5, following the Labour Party's decisive victory in the parliamentary election, Reuters reported. As of 07:08 GMT, the pound rose nearly 0.

LONDON (Reuters) -British stock and government bond prices rose on Friday after the centre-left Labour Party surged to a comprehensive win in a parliamentary election. The bluechip FTSE 100 index rose 0.