A resounding victory for Boris Johnson sent investors scrambling to buy U.K. stocks and pushed the pound to its highest since May 2018
The FTSE 100 index, which tracks the U.K.’s largest companies, rose 1.9%, marking its biggest gain since February.
The rally was led by gains in stocks such as house builder Taylor Wimpey PLC and Royal Bank of Scotland Group PLC. The British pound earlier climbed to its highest level since May 2018 before easing...
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