The pound has surged after a closely-watched exit poll predicted the Conservatives had secured a majority in the general election.
Sterling bounced from $1.3162 to just shy of $1.34 – a gain of almost 2% – after the Ipsos Mori survey for Sky News, the BBC and ITV News was published.
It followed a day of election jitters for values – complicated by a US-China trade war breakthrough that strengthened the dollar.
The UK currency also gained against the euro as investors bought in to evidence that UK voters had handed Boris Johnson a working majority.
The exit poll predicted a figure of 86 seats.