New Delhi: A neck and neck contest was being witnessed in the UK parliamentary polls, which voted on Thursday. The early trends of the snap UK general elections result showed Labour party leading over rival Conservative. However, historically Labour have always led early but not always been able to maintain that lead. This came true by afternoon as Conservatives overtook Labour, though through a slender lead. However, Sterling saw its biggest daily fall since January after an exit poll unexpectedly showed Prime Minister Theresa May losing her parliamentary majority.

Till last reports, Labour party was leading/winning 261 seats while Conservatives were leading/winning 316 of 650 seats. This result gives Conservative Party leader Theresea May fresh mandate over her Labour Party rival Jeremy Corbynto take control of Britain’s exit from the European Union - a two-year negotiation which will plot a new course for the $2.6 trillion economy. 

May called the snap election in a bid to strengthen her hand in Brexit negotiations, to win more time to deal with the impact of the divorce and to strengthen her grip on the Conservative Party.