Currencies

It wasn’t the surprise outcome to the UK election that sent stocks into the red during the final hour of trade on Wall Street, but a selloff in technology shares that pressured the major averages, which had traded at record levels earlier in the session.

The drop in the British currency on Friday will have an impact not just on the local economy but also on companies from around the world doing business in the country as well as tourists and shoppers.

The drop in the British currency on Friday will have an impact not just on the local economy but also on companies from around the world doing business in the country as well as tourists and shoppers.

The pound fell sharply after Britain's election saw the Conservatives lose their majority in parliament, raising questions about the next government's ability to lead the talks to leave the European Union.

A shock British election result that left no single party with a clear claim to power hit sterling on Friday and left the dollar on course for its best week in over a month.

A shock British election result that left no single party with a clear claim to power hit sterling on Friday and left the dollar on course for its best week in over a month.

The pound slumped in Friday's trading as soon as signs emerged that Britain's ruling Conservatives will have a weaker-than-expected showing in the country's election.

The pound slumped in Friday's trading as soon as signs emerged that Britain's ruling Conservatives will have a weaker-than-expected showing in the country's election.

U.S. stock indexes wavered between small gains and losses in early trading Thursday.

The pound fell sharply after an exit poll in Britain's election forecast that the Conservatives would fall short of a majority in parliament, raising the prospect that the country might not have a clear winner or strong government as it starts its negotiations to leave the European Union.

The pound fell sharply after an exit poll in Britain's election forecast that the Conservatives would fall short of a majority in parliament, raising the prospect that the country might not have a clear winner or strong government as it starts its negotiations to leave the European Union.

The British pound fell sharply Thursday evening after exit polls indicated British Prime Minister Theresa May’s Conservative Party may have lost its Parliamentary majority in the U.K. snap election, potentially roiling the country’s plans to exit the European Union.

The British pound fell sharply Thursday evening after exit polls indicated British Prime Minister Theresa May’s Conservative Party may have lost its Parliamentary majority in the U.K. snap election, potentially roiling the country’s plans to exit the European Union.

British pound falls sharply after exit poll projects Conservatives won't get a majority in UK Parliament.

British pound falls sharply after exit poll projects Conservatives won't get a majority in UK Parliament.

Economic growth across the 19-country eurozone was higher than previously thought in the first quarter of the year, further good news for policymakers at the European Central Bank as they deliberate whether to ease up on stimulus efforts.

Asian stocks benchmarks were fairly steady Thursday as investors parsed economic data and awaited market-moving events in Europe, including Britain's general election and a European Central Bank meeting.

Asian stocks benchmarks were fairly steady Thursday as investors parsed economic data and awaited market-moving events in Europe, including Britain's general election and a European Central Bank meeting.

U.S. stocks edged higher in early trading Wednesday, led by gains in banks.

U.S. stocks rose on Wednesday despite a sharp decline in energy shares after written testimony from former FBI director James Comey did not add major revelations about an investigation into Russian meddling with last year's U.S. presidential election.