Snap election call wipes £45bn off FTSE 100

Shares plummet owing to rising pound, but markets react positively to prospect of greater certainty

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(Image credit: Matt Cardy/Getty Images)

Westminster was reeling in shock yesterday morning when Theresa May did an about-face on her consistent pledge not to hold an early general election.

The Prime Minister has called for a poll, which must now be agreed by Parliament, for 8 June.

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