4. Chris Beauchamp, IG chief market analyst, at his desk
5. Sterling-Euro exchange rate going up
6. SOUNDBITE (English) Chris Beauchamp, IG chief market analyst:
"Once we had the exit poll come out about 10 o'clock last night, we did see a positive reaction in sterling and in FTSE (London stock exchange index) futures both rallied sharply, sterling gaining over 1 per cent against the dollar and against the euro. About half a percent gain for the FTSE 100. I think the clarity that this result gives removes a lot of the uncertainty, least for the time being for the UK and really gives investors a reason to look more positively what happens over the next few months with the UK. So that's why you've seen a recurrence of maybe investor inflows overnight, certainly, the expectations of the pound will continue moving higher really on the basis that this is a fairly decent result I think in terms of looking ahead to what happens next."
7. Various of Chris Beauchamp, IG chief market analyst, at his desk
8. FTSE index going up
9. SOUNDBITE (English), Chris Beauchamp, IG chief market analyst:
"While markets have been reacting positively to this news overnight, I think that the easy part was winning the election. What happens now is going to be the tough thing. What the future negotiating relationship will be, how long that will take, will he ask for an extension to that. Having campaigned a very much a hard Brexit stance, will he keep on with this or will he soften it. I think that's the sort of constant news flow that's going to make life much more difficult for sterling and indeed for the FTSE 100 and and the 250 as well, because we've had, if you like, the easy part, the obvious result, now we have to work out what approach both sides will take. Of course, we've yet to hear from the EU as well to see what their response will be. Guardedly optimistic so far, but of course, negotiation is a different thing."
10. Various of trading room
11. SOUNDBITE (English), Chris Beauchamp, IG chief market analyst:
"He has so much more strength in Parliament compared to Theresa May, essentially, because he has this big majority. It means he's no longer at the mercy of those really hard Brexit MPs that were such a feature of Theresa May's government. Every time she tried to strike a deal, they would pipe up with their opposition. That is likely to reduce in quite a big way really. Now Boris can afford to almost ignore some of these elements in the Tory party, which might interestingly lead actually to a more soft Brexit approach. I think, yes, he will take a tough line with the EU because you have to be seen to be negotiating. But I think the UK might start to soften its position."
UK financial markets reacted positively to the Prime Minister Boris Johnson's Conservative Party victory, with a majority of seats in Britain's Parliament - a decisive outcome to a Brexit-dominated election that should allow Johnson to fulfil his plan to take the UK out of the European Union next month.
The pound surged when an exit poll forecast the Tory win, jumping over two cents against the dollar, to 1.3445 US dollars, the highest in more than a year and a half.
Many investors hope the Conservative win will speed up the Brexit process and ease, at least in the short term, some of the uncertainty that has corroded business confidence since the 2016 vote.
Also the FTSE 100 and 250, London stock exchange indexes, reacted very positively to the electoral results, hitting record high on Friday morning.
According to IG chief analyst, Chris Beauchamp, the increase is linked to the outlook of more political stability after years of uncertainty over Brexit.
With 648 of the 650 results declared on Friday, the Conservatives had 363 seats and the main opposition Labour Party 203.
That message appears to have had strong appeal for Brexit-supporting voters, who turned away from Labour in the party's traditional heartlands and embraced Johnson's promise that the Conservatives would "get Brexit done."