Pound sterling surges as Boris Johnson’s Conservative Party is projected to win UK election in landslide

The British pound sterling jumped more than 2% versus the U.S. dollar after publication of a U.K. election exit poll. UK Prime Minister Boris Johnson is on course for the biggest Tory landslide since Margaret Thatcher. The Conservative Party would win 368 seats if the poll proves accurate, granting a comfortable majority in Parliament.

Elliot Smith and David Reid for CNBC:

The U.K. pound jumped more than 2% after an exit poll projected an 86-seat majority for the Conservative Party in the U.K. general election.

Shortly after 10 p.m. London time, a survey of thousands people who had just left the voting booth, indicated that the Conservatives are on course to gain around 50 seats, ensuring a healthy majority.

In reaction the pound rose to $1.3451, more than 2% higher than before the poll was announced. The pound has touched its highest level against US dollar since June 2018. Sterling also jumped against the euro, up 1.4% to 83.265 pence.

The Conservative Party are tipped to gain around 50 seats in the election while Labour would lose 71 seats from its performance in 2017.

In a snap note, the Chief UK Economist at Capital Economics Paul Dales said the result, if accurate, would free the path for Prime Minister Boris Johnson to push through his Brexit plan.

MacDailyNews Take: In the UK, there are some 6,500 Apple employees, 291,000 App Store ecosystem jobs, 1,122 Apple suppliers, 38 Apple Retail Stores, including Apple Regent Street in London which welcomes around 60,000 customers per week.

If the exit polls bear out, even remotely, it looks like Brexit is finally a go.

U.K. Prime Minister Boris Johnson tweeted:

Update, U.S. President Trump tweeted:

36 Comments

    1. … by slitting their own throats?

      I can see how some fellow Commonwealth citizens would pine for the old days when monarchy made everything seem simple. What I fail to understand is why you, a Californian, would support such a blatant power grab by a populist wannabe leader.

      Consider this: two nations formed at approximately the same time, one in North America, one in South America. One threw off the yoke of its monarch by banding separate colonies together and empowering the individual, the other severed ties by incentivizing the land-holding gentry to seize power. One nation embraced immigration and diversity, relying on a free market to build economic growth. The other nation functioned under a neo-feudal model, with landholding oligarchs deciding economic decisions. In one nation, free trade was enshrined into law. In the other, loyalty to local economic magnate was paramount. In one nation, freedom of both capital and labor to move across borders and start their own businesses resulted in innovation and dynamicism. In the other nation, walls were erected and a rigid class structure was maintained. One nation realized that over time mistakes were made but through rule of law and rational scientific thought, the best long term outcome could benefit everyone. In the other nation, blind faith in strongman leaders persisted.

      After a few centuries, one nation proudly called itself the UNITED States of America. The other nation, Argentina, is sovereign but relatively poorer and hardly a superpower.

      In a UNITED nation, prosperity is shared. In a nation where strongmen and oligarchs are given power, the results are available for all to see.

      But don’t assume the UNITED States is uniform. Far from it. The rich liberal coastal areas make gobs of money and spread it around. Former slave states, which at one time attempted to secede from the union so that strongmen oligarch landowners could exploit free labor on their plantations similar to the oldest Argentinian ranches, remain relatively impoverished in the USA.

      I truly don’t understand why the most impoverished quarter of Americans would ever support a strongman dictator wannabe, but that’s clearly the narrative that the “not mainstream” media (controlled by billionaires like Murdoch, Mercer, Putin, and Koch just to name a few) has successfully sold the simpletons. By dividing nations, it’s so much easier and more profitable for oligarchs and their multinational corporations to divide and conquer.

      If the isolationists of Britain thinks it’s strong enough to keep its first-world nation status in isolation, it’s in for a rude awakening. It is ALWAYS better to be a small part of a big entity than a solo player. There are no advantages to going alone. Trade deals will not improve, human migration will not slow, and business won’t magically jump into your London office buildings. Quite the opposite, in fact. It’s far cheaper to relocate to mainland Europe if you are a business reliant on trade (which is approximately 100% of business today).

      What a pity Brits have such pathetic options to chose from in their elections. It all seems as bad as the bipolar choices you Americans have.

      1. Thank you for taking the time to write such a thoughtful piece. I had not thought of the difference between Argentina and the US in such a way, but I think you have touched upon the fundamental differences and a way to explain them.

      2. Another encyclopedia length diatribe from Mike the Red. (Not like Rudolph the reindeer)
        Anybody else can get their view across in one brief paragraph. For Mike, it’s always a huge article attempting to brainwash the rubes (in his feeble-minded opinion) whom he thinks are dumb while he is brilliant. Your opinion is no more worthwhile than any other individual Mike! We don’t need your re-education efforts. Leave that to your mascot in North Korea. WE DON’T WANT IT!!!

      3. “The stock market is roaring. Unemployment is at a record low. The economy added 266,000 new jobs in November. Though these things are objectively good, of course, they are less good if you are a Democrat and you don’t want the current president to get credit for anything that might help him get re-elected.”

        Your tedious one sided rants fool no one and change NOTHING. Read the rest of the story and weep libtards…

        https://www.nytimes.com/2019/12/13/us/politics/Donald-Trump-2020.html?partner=msn

        1. Hey TxUSER, you have posted multiple times that you have not read or seen ONE POSITIVE ACCOMPLISHMENT by President Trump. Obviously you are a partisan LIAR and the New York Times disagrees with you. HA!…

          1. Most people think that correlation implies causation. The NYT observed, accurately, that Trump is going to get credit for a strong economy (if it stays strong). They did not observe that anything he has done caused the strong economy, which has been rising at an almost constant rate since 2010 or thereabouts, well before Mr. Trump could have influenced it.

            As I have said earlier, I am willing to give DJT credit for not yet derailing the recovery, but he didn’t cause it.

            You think the markets went up today because of things Trump did, but you provide no proof of causation, only of correlation. Today’s jumps were also correlated with the House Judiciary Commitee action, but I don’t confuse that with causation, either.

            1. “Trump is going to get credit for a strong economy (if it stays strong).”

              HA! HA! HA! “Going to get credit” ONLY “if it stays strong”!!! says USER. Yeah right, like the world is waiting for USER approval to move forward. So then, the hell with President Trump’s records RIGHT NOW?!?!?! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

              “They did not observe that anything he has done caused the strong economy”

              Par for the course. Just what do you expect from the Democrat Party Pravda New York Times, HONEST direct praise, daily doom inference be damned? Their circulation numbers were tanking for two decades until Trump was elected president. The last time they wrote a positive headline for President Trump, a lightning fast social media libtard revolt forced them to change to a negative headline in minutes. They know which side of the bread their business butter is on. Get a grip on reality and spare us the tedious semantic DISTRACTIONS.

              The NYT for once, imperfectly nailed it. You are in DEEP DENIAL, better lay down you don’t feel well and take a deep toke on the green weed while phoning your shrink.

              Get ready, USER.

              This past week was President Trump’s best week in office! 👍🏻🇺🇸 FAKE impeachment 100% along party lines aside, as several strong and historic events unfolded. Week ago much stronger than expected jobs GROWTH; RECORD UNEMPLOYMENT; more stock market RECORDS; China trade deal BREAKTHROUGHS; elegant White House Christmas party with open minded Democrats in ATTENDANCE; Congress after Pelosi held it hostage for a year PASSES the president’s trade bill and Brexit Boris Party WINS the biggest U.K. election since 1934 eclipsing Margaret Thatcher’s Tory victories. What a historic week for President Trump and the USA – WooHoo!!! 👍🏻🇺🇸

              Don’t you know everything that is good NOW is because of President Trump’s policies? Wait for it from USER, it started under Obama, yeah right. Well the U.S. started under George Washington; the abolition of slavery started under Abraham Lincoln and the economy started growing after the 1929 stock market collapse long before and I’m respectful, President Obama was born. Check and mate.

              BTW, that is President Trump to you, DISRESPECTFUL liberal…

    2. “…sovereignty”???
      We just ceded sovereignty to US business interests, having put a gun to our head and desperately needing a US trade deal to replace what we have.
      The US Chamber of Commerce is playing hard ball like a playground bully. There is not one element of current and future UK business that can be protected. So goodbye NHS, reasonably priced drugs, the Post Office and every national or local government incentive scheme or investment. Goodbye food and animal welfare standards of the highest order.
      What do we get in return? Chlorinated chicken, hormone laden meat, seriously poor animal welfare standards, interference in planning consents to allow more supermarkets, the right for tech companies to move data abroad, and secret corporate courts where business chiefs can sue Britain, automatic trading rights between the US and UK for all new services based on technologies that are yet to be invented, including non- reciprocal full access to all current and future IP in the technology, engineering, medical services and power generation sectors, severance of current EU company agreements, (much)lower environmental standards etc etc etc
      This doesn’t smell anything like sovereignty to me. More like “Welcome to our new overlords”.

      1. From what/how you wrote, I guess I can expect half of the population of the UK to be dead in about a year. Those who haven’t fled, will have serious ailments while working in the work-houses of the new dictatorship.

        Gotcha.

      2. But, but, but—the will of the people = sovereignty my friend, not your adoration of government as always having a god-like beneficence and worthy of our pitiful genuflections and fear. What in hell do you think the American revolutionaries were creating in 1776? More dependence upon government at a federal level?

        You wrote: More like “Welcome to our new overlords”. Yes, they are known as citizens who vote. You likely work for the massive government behemoth and think your views should “Trump” theirs. Now you can see that they are becoming aware of the inefficiencies and waste that is imposed upon them by your ilk. Get used to it. You can’t undo enlightenment.

        1. My “ilk”? You mean an engineering company owner who exports 80% to the EU market? That sort of ilk?
          So you think I should accept the new status quo that, at a stroke, will wipe out a business that took 40 years to build, exporting the majority of its output to help UK plc – all at the behest of successive governments in pro EU days? Because ‘enlightenment’!!!
          You really have no clue what Brexit means do you?

        1. So, a guy who thinks that America First means that we should retreat from the rest of the world because they have nothing to offer us, and who has almost never accurately stated a single fact about Europe, is telling a man who has conducted a successful business in the UK for decades that he is “out of touch” with his own country.

          No wonder my English in-laws think that Americans (apart from me😊) are arrogant ignoramusses.

          My impression is that the UK managed to pick two candidates who were at least as horrible as ours in 2016. Voters were forced to make an intolerable choice. They did not select Boris Johnson. They deselected Jeremy Corbin.

          1. “There is one world where the mainstream media is covering impeachment, but there is another world where Trump is racking up a myriad of accomplishments…”

            FULL STORY:

            https://www.washingtonexaminer.com/washington-secrets/hidden-by-impeachment-one-of-trumps-best-weeks-yet

            YES, par for the course TxUSER doesn’t see it in his partisan pea brain. That would be zero President Trump accomplishments that are shattering records. Gee, what a surprise.

            “They deselected Jeremy Corbin.”

            Deselected?!?!? HA! How deliciously and ridiculously worded. More partisan deluded USER semantic word games. BTW, learn how to SPELL.

            “Labour’s socialist leader Jeremy Corbyn said he would step down after a period of “reflection” within the century-old party. The anti-Brexit Liberal Democrats also had a dismal night, falling to just 11 seats and losing their leader, Jo Swinson.”

            -AFP

            For totally blind biased Mike, lying conservative imposter USER and genuinely clueless Gotcha, that amounts to got nothing — world socialism is losing big time. Hear that Sanders, Warren and AOC? 🤣

        2. Yes. I am seriously out of touch with your slavering sycophantic extremist, isolationist, gun-worshipping and utterly self-interested base thinking, in a space your ‘ilk’ will never be qualified to enter. Thank goodness.

          1. There you go again with the sycophant wording. I really burned you and you never forgot it. Good to live in your head rent free. Does not matter moving forward.

            “your slavering sycophantic extremist”

            Yes, I am an “extremist” for supporting my country and acknowledging one of the greatest presidents of all time.

            “isolationist”

            Say what? Let’s all party!

            “gun-worshipping”

            As a lifetime member of the NRA and background check concealed carry citizen you are totally wrong regarding gun worship. I worship God.

            “and utterly self-interested base thinking”

            Yup, you know all about that.

            “in a space your ‘ilk’ will never be qualified to enter.”

            Wow. Now what space would that be? Never mind, not a serious concern. Par for the sycophant worship you slavishly follow.

            BTW, Trump in a 2020 landslide! USA! USA! USA! 👍🏻🇺🇸👍🏻🇺🇸👍🏻🇺🇸

            1. If you think Gotcha is a syncophant and you aren’t, you clearly do not know what the word means. He has not exemplified blind loyalty to any earthly power. If you think he has, provide a quotation.

              You profess blind loyalty to your idol every day. You seem to fancy yourself some sort of Christian Soldier when your actual behavior is more representative of the Romans who burned incense before the image of the Divine Emperor.

              Whatever you may think, it is possible to love our country and its constitutional republican form of government without putting a human being above the law. Remember, in 2016 almost ten million more Americans voted against your idol than voted for him. It is hard to argue that the majority of Americans are un-American without looking just a little syncophantic.

            2. @TxUser

              “If you think Gotcha is a syncophant and you aren’t, you clearly do not know what the word means.”

              Of course I know what the word means. You are a sycophant Democrat Party supporter, nuff said.

              “Whatever you may think, it is possible to love our country and its constitutional republican form of government without putting a human being above the law.”

              Well then, guess you SHOULD talk equally aggressively and repeatedly about the transgressions of Hillary and Bill Clinton, Joe and Hunter Biden, James Comey and the rest of Intel agency clowns duping the courts with a FAKE FISA application containing 17 mistakes in the process, because you are a loyal, caring and dutiful conservative Republican, right? HA! You are a damn LYING IMPOSTER right out of the DNC playbook!

              “Remember in 2016 almost ten million more Americans voted against your idol than voted for him”

              “Clinton received 65,844,610 votes, or 48.2% of the total vote.
              Trump received 62,979,636 votes, or 46.1% of the total vote. (That’s a difference of 2.86 million votes.)

              The remaining 5.7% of the vote went to other candidates, like Gary Johnson, Jill Stein, Evan McMullin, and, I don’t know, write-ins for flesh-eating bacteria.”

              -Splinter News.

              So? Trump is president and thank God for the electoral college. Otherwise, Libtards in NYC and LA would elect radical Democrat presidents for the rest of time negating the voices of millions that live outside the two biggest cities.

              Founding Fathers checks and balances, baby! … 👍🏻🇺🇸👍🏻🇺🇸👍🏻🇺🇸👍🏻

    1. That’s ridiculous and not proven by reader’s responses. Of course, maybe the fewer conservatives actually voice their opinions as do the liberals? Or maybe there are actually fewer conservative visitors, but whatever the case, by my observations, the liberal “vote” is greater overall, for one reason, or another.

      Or, maybe your comment is directed specifically at the MDN site itself? Wow, call me blind, if so.

      Instrumentalized? Really? Are you watching over your shoulder for the mischievous far-right?

    2. Heh? That’s the biggest load I’ve seen here in awhile. Having different opinions than you is a far cry from being ‘instrumentalized’, and publishing an article like this does not make an entity ‘far right’. Feel free to disagree with it, but grow up.

    3. Hello,

      Can you tell me where you see MacDailyNews celebrating this news? I’m sincerely interested. I’m working on a study and your response intrigues me.

      Thank you in advance.

    4. What’s really clear is that you are shooting the messenger. You don’t like the news, so you blame MDN for publishing it. Nowhere does MDN endorse the outcome, they simply report it. MDN did not cause what you consider to be “bad” news.

    5. Dear Regular mac user:
      Yes, it’s becoming clearer; that people with views contrary to yours represent around at lest half of the electorate and feel comfortable exercising their hard-fought freedom of speech in this location. Why does that bother you so much? Because you are used to them being overly intimidated and bullied by most other locations, including most news sources and you can’t accept it. You can’t win in the polling booths so you do constant end-runs using biased judges, rigged elections including numerous dead voters, and infamous dirty tricks and smears during the final few weeks of campaigns which don’t allow sufficient time for honest candidates to refute them.

  1. BREXIT is a tragedy and Corbyn an anti-Semite, nothing but misery for the U.K. perhaps with it behind them the U.K. Can join the only fight that really matters, climate change.

  2. Boris in Britain. Trump in the US. Morrison in Australia. If Sheer in Canada had got his act together, that would’ve made for an astonishing quadruple.

    I don’t know what this means for liberals/progressives/Greens et al going forward. But it seems that more and more voters need convincing of their policies. They simply cannot proclaim, “The sky is falling” or that the public has been brainwashed and deluded. You’ve got to give people a reason to believe. And unbelief seems to be the left’s greatest hurdle.

    Especially given these victories were totally unexpected (Morrison, Trump) or are landslides (Boris). These are astonishing victories. It’s as if a third division team has arisen to win the Cup final. And their fancied favoured opponents are complaining about the ball, the field and ultimately the crowd. As the late Clive James said, “What’s the solution to an electoral loss? Vote in a new population”.

    Granted, the younger generation is generally thought of as “left leaning”. Therefore it could just be a matter of time before the conservative vote disappears. But for now, the left needs to do a lot of work. It can’t simply wait for generational change to occur. And the right, if it is smart, will seize their opportunities and consolidate their positions.

    Interesting times ahead.

    1. The problem for your theory, and for lefties in general, it that as people age and gain some wisdom, they figure out that there’s no such thing as a free lunch and begin to vote intelligently.

      Any man who is under 30, and is not a liberal, has no heart; and any man who is over 30, and is not a conservative, has no brains.

      Those on the right side of the Bell Curve start out as Conservatives and simply stay that way because they know that logic trumps emotion when it comes to solving issues.

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