The pound has surged higher after the election exit poll has pointed to a strong Conservative victory with 368 seats. This is unequivocally and undoubtedly a massive victory for the Conservatives and Boris Johnson and while this poll is only a guide it would take a near miracle now for the party not to command a majority.
An indicated majority of 86 has sent the pound up to its highest level since June 2018 against the US dollar above the $1.34 handle and near 3 ½ year high against the ceuro. While this is only a poll and not the actual result it would take an unprecedented swing for this to not lead to a Conservative majority with the largest margin of error for any one parties seats in the past 5 elections less than 15.