Pound jumps on election lead for Britain’s Conservatives

TOKYO, May 8 (AFP) : The British pound jumped Friday after exit polls showed Prime Minister David Cameron's Conservatives headed for victory, while the dollar won support on hopes for a solid US jobs report later in the day.
In Tokyo afternoon trade, sterling fetched $1.5500 against $1.5262 in New York, while the euro sank to 0.7236 pounds from 0.7382 pounds.
Exit polls indicated Cameron's Conservatives have defied expectations to win the most seats in Britain's general election while falling just short of the clear majority needed to govern alone.