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City banks ask traders to pull election all-nighters

Staff are used to burning the midnight oil around macro events, but the timing and unpredictability of this poll are unusual

City banks ask traders to pull election all-nighters
Photo: Getty Images

Investment banks in London are bringing in extra staff or asking employees to work through the night to help navigate markets following the result of the UK general election, which could cause unpredictable swings, particularly in sterling. 

City banks will be adding extra staff to their trading desks as the results of exit polls — the first major indication of how the nation has voted — are revealed at 10pm.

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