Exit poll points to large Tory majority; sterling surges

The Sterling jumped 2.3 per cent to US$1.3460. It also strengthened by 2 per cent to 82.90 pence per euro

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According to BBC, the survey taken at United Kingdom polling stations suggests the Tories will get 368 MPs - 50 more than at the 2017 election - when all the results have been counted. Prime Minister Boris Johnson could pass his Brexit deal now.

"I think Brexit has dominated, it has dominated everything by the looks of it", said Labour economy spokesman John McDonnell.

The Liberal Democrats are predicted to win just 13 seats - the same number as they got in 2017 and that would nearly certainly mean the departure of the former Labour and Conservative MPs who defected to them over the last few months.

Current Home Secretary Priti Patel has told the BBC that she takes the exit poll as "a prediction" however if correct she says that the Conservatives will be in a position to "get on with Brexit and end this paralysis".

Among the other parties, the Scottish National Party looked set to gain 20 seats to take 55 of Scotland's 59 seats, giving further impetus to leader Nicola Sturgeon's desire to call a second independence referendum.

She added: "We will not hang around obviously". It's fantastic. It's looking like the largest majority we've had since the 80s'. It has been predominately the Brexit election - but it's also been the climate election.

"We're going to hear the Corbynistas blame it on Brexit and the Labour Uber Remainers blaming Corbyn", she said.

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"It's extremely disappointing, we have to be honest about that". However, labor has some difficulty Jeremy Corbyn has promised a second referendum if he wins if he has a majority in Parliament.

"What it indicates is just how bad the Labour result is".

The Conservatives focused much of their energy on trying to win in a "red wall" of working-class towns in central and northern England that have elected Labour lawmakers for decades but also voted strongly in 2016 to leave the EU.

Shadow worldwide trade secretary Barry Gardiner said it represented a "devastating result for us" and "all the people who were really needing a Labour victory to improve their lives".

Many of the Labour Party's difficulties in this election appear to have been unavoidable.

"The bigger the Tory majority of course the less influence over this the ERG and Eurosceptics will have", said hardline Brexiteer Nigel Farage, whose anti-EU campaigning played a major part in persuading former Conservative Prime Minister David Cameron to call the 2016 referendum.

Sterling traders at banks and investment firms worked through the night, with the bulk of parliamentary seats declared before 0500 GMT.

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It will allow the U.K.to finally achieve Brexit, which the British deep state has been stalling for years against voters' wishes. When Britain voted to leave the European Union in June 2016, there were fears that it could lead to other departures.

"I think Labour have had a very hard position because the conservatives are very clear on Brexit".

The pound surged 2% after the exit poll of the United Kingdom election was released.

Almost half a century after Britain joined the EU, Johnson must now strike new worldwide trade deals, preserving London's position as a top global financial capital and keeping the United Kingdom together.

"This historic election gives us now the chance to respect the democratic will of the British people, to change this country for the better and to unleash its potential. We have put public ownership, a green industrial revolution, an end to austerity centre stage and introduced new ideas, such as plans for free broadband and free personal care".

With Labour split and unclear on Brexit, the strongly anti-Brexit Liberal Democrats had hoped to do well but they won only 11 seats, a crushing result.

"Jeremy Corbyn might have been bright, shiny and new in 2017, but by 2019, I think people have really got the measure of him and you're also seeing that come through tonight".

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