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Prime Minister David Cameron's Conservatives are on track to govern Britain for another five years even though they are likely to fall just short of an outright majority at Thursday's election, an exit poll showed.
In This Pic : David Cameron
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The poll gave the Conservatives 316 of 650 seats in the lower house of parliament and the main opposition Labour Party 239. If accurate, that would be one of centre-left Labour's worst ever results.
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Conservative government minister Michael Gove said that if the exit poll proved correct "the Conservatives have clearly won this election".
In This Pic : David Cameron
Pic Courtesy : BCCL - Non Copyright
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Such a result means Britain is likely to face a historic in-out European Union membership referendum in the next two years and that billions of pounds will be cut from government spending to eliminate the budget deficit in the world's fifth largest economy.
In This Pic : David Cameron
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Sterling jumped to a one-week high after the poll. The pound jumped nearly 2 U.S. cents to $1.5430 in early Australasian trade, hitting its strongest since April 30.
In This Pic : David Cameron
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