GBP/USD undaunted as Labour party wins UK General Election

The results of the UK election are still streaming in and before the final outcome is known in terms of seats won and lost, it is clear that the Tory party has lost power and the next UK government will be Labour. The Pound has taken this in its stride and certainly has not been daunted at all by the outcome. Of course this was a foregone conclusion from the polls taken over the past few weeks and long before today the markets were accepting that things would change, perhaps for the better- who knows? The GBP/USD is also riding the wave of a weaker US currency heading into the US monthly jobs repair later today. The lower USD/JPY this morning is also a factor to consider, notwithstanding the drop back in the GBP/JPY so far. The GBP/USD posted a synthetic US close last night 1.2760. The range seen so far today has been set at 1.2754 to 1.2773 as the Pound continues to consolidate a technical break above 1.2710 deliver yesterday