<sod >Scroll down for video  Cliff: The pound's slump - starting from the moment the polls closed last night - shows how the pound has been hammered by May's election nightmare Traders react to the election results today with the pound falling - but the FTSE 100 on the up     Sterling also plummeted off the back of the result and suggestions that Mrs May will not stand down as Prime Minister, trading 2% down against the dollar at 1.27 US dollars.< eod>< sod > Scroll down for video  Cliff: The pound's slump - starting from the moment the polls closed last night - shows how the pound has been hammered by May's election nightmare Traders react to the election results today with the pound falling - but the FTSE 100 on the up     At 5pm the pound was down 0.0147 against the Euro at 1.1386 compared with 1.1533 previously.< eod>