“We pulled it off” … UK Prime Minister Boris Johnson hails a Conservative landslide victory – the party’s most significant electoral mandate since 1987. In the markets, sterling jumps by more than two per cent against the dollar on the news. Labour, however, are nursing their wounds after their worst performance at the polls for more than 80 years. Opposition leader Jeremy Corbyn has confirmed he will not stand in another election. In Brussels, EU leaders breathe a sigh of relief at the result, voicing hope it will usher in a new phase in deadlocked Brexit negotiations. CNBC learns that there is also movement in U.S.-China trade talks with a 'phase one' deal agreed in principle. Beijing has reportedly said it will buy $50bn of agricultural goods in return for President Trump suspending further tariffs.

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