Sterling strengthens broadly as exit poll suggested that Conservative Party is on course for a thumping 86-seat majority after the landslide win in the elections. Boris Johnson is expected to push his Brexit deal through the parliament, with a second reading before Christmas. UK would then be on track to finally leave the EU in an orderly manner on January 31.
Labour Party leader Jeremy Corbyn said he will stand down after the worst defeat since 1935. The party would lost 61 seats since the 2017 elections, finishing on just 201 MPs.
