According to Sky News and BBC, Tories had won 326 of the 650 seats in the lower House of Commons, meaning they could not be beaten. Exit polls from Thursday's vote indicated they could win 368 seats.
Prime Minister Boris Johnson called out his rival and Labour Party leader Jeremy Corbyn over his proposed tax policies. Corbyn dismissed the accusation and promised he only seeks power so that he can share it.
US bond yields up slightly after sharp fall in August, while European shares seen dipping slightly. Meanwhile, pound sterling drops to just below $1.2, its lowest level since January 2017.
The annual tradition comes as the Democratic Union Party enters into a controversial power-sharing agreement with Britain's Conservative Party.
Similar to Brexit, this election has ended with a wafer thin mandate for the Tories, and little confidence in Theresa May's right to form a government. In fact, Britons could be headed to the polls before 2018.
After the British Labour Party was fraught with bitter infighting between the Blairites and Corbyn supporters, the party's newfound energy and unity has paid dividends on the campaign trail. But is this going to be enough to win the election?
Just under half of the UK voters backed staying in the EU in last year's referendum on Brexit. They now find it difficult to choose a candidate who represent them in the upcoming UK election. "Tactical voting" may be the answer for them.
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