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NewsBreak: UK Exit Poll Shows Big Tory Majority; Sterling Surges

Investing.com

Investing.com - The British pound jumped as the U.K. general election exit poll showed Thursday the ruling Conservative party running away with a big majority in parliament.

GBP/USD surged more than 2.2% shortly after the polls came out.

The Conservatives are predicted to win 368 seats, with opposition Labour taking 191 seats, the Scottish National Party with 55 seats and the Liberal Democrats winning 13 seats.

That would be the highest number of Tory seats since 1987 and the lowest number of Labour seats since 1935.

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