The pound has surged to its highest level against the euro in three-and-a-half years as the Conservatives swept to power.
As the exit polls predicted a Conservative General Election victory, the pound rose almost 2 per cent against the dollar to reach $1.3469 and was up 1.6 per cent against the euro at €1.2054.
Sterling is now at its highest level since May 2018 amid hopes the big majority would remove Brexit uncertainty.
The pound also jumped to a three-and-a-half-year high against the euro. This coincides with the date of the Brexit referendum in June 2016.
On the Stock Market, the FTSE 100 share index rose 0.8 per cent following the results of the general election.
Prime Minister Boris Johnson in his election victory speech said the Conservative government has been given a powerful new mandate "to get Brexit done."
He repeated his pledge to get the UK out of the European Union by January 31 next year.
Dean Turner, an economist at UBS Wealth Management, said: "We've long said that sterling looks a very cheap currency.
"If Brexit is indeed completed by the end of January, we see the pound trading as high as 1.35 against the US dollar.
"However, a long-term lack of clarity on Brexit and sterling to produce minimal UK earnings growth next year."
Here are all the election results in Greater Manchester:
- Bolton North East
- Bury North
- Bury South
- Heywood and Middleton
- Oldham East and Saddleworth
- Worsley and Eccles South
- Stalybridge and Hyde
- Leigh
- Makerfield
- Hazel Grove
- Wigan
- Denton and Reddish
- Stockport
- Altrincham and Sale West
- Bolton West
- Wythenshawe and Sale East
- Ashton-Under-Lyne
- Cheadle
- Oldham West and Royton
- Stretford and Urmston
- Rochdale
- Bolton South East
- Blackley and Broughton
- Salford and Eccles
- Manchester Withington
- Manchester Gorton
- Manchester Central
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