Breaking: GBP/USD leaps towards 1.33 as massive Conservative majority predicted

-- more to come

Follow all the updates in the UK Elections live coverage

Prime Minister Boris Johnson's Conservative Party was expected to win an absolute, albeit narrow majority in parliament. A hung parliament has not been ruled out. Investors would prefer the PM to hold onto his job and follow through with ratifying his Brexit accord and enacting business-friendly policies. A hung parliament may lead to LAbour leader Jeremy Corbyn becoming PM and leading a minority or coalition government. 

GBP/USD has experienced a broad range during election day, moving beetween the highs of 1.3230 and the low of 1.3050.