Dominic O'Connell
Business Presenter, BBC Radio 4 Today programme

While the FTSE 100 opened up about 1% this morning, companies exposed to the domestic UK economy were under immediate pressure - as predicted on this page before the markets opened. Lloyds, the British bank which has a big share of retail and commercial banking in Britain, is off nearly 4% in early trading.

Today Programme
BBC Radio 4

Andrew Neil
Presenter, The Daily Politics

Image source, PA

Former Conservative leader Iain Duncan Smith has told the Today programme he hopes Theresa May can form a government to go into Brexit negotiations.

"The election hasn’t panned out as we all hoped," he says. "It's not great. No-one's going to beat around the bush about that."

He says the "single most important question" now is "what we do going forward".

"Leadership elections suddenly now would be a catastrophe," he says. "I would say to a few colleagues that they have to be careful what they wish for… it could plunge the UK into crisis."

He says Mrs May should now "sit down" with the DUP and "figure out if something can be done".

BBC Radio 5 live

From exit poll to hung parliament, this is how election night 2017 unfolded.

Artist Adam Cadwell drew some of the key moments of the night as they happened...

Today Programme
BBC Radio 4

"It is impossible to exaggerate, this morning, how self-absorbed and adrift the United Kingdom looks to the rest of Europe," former deputy Prime Minister Nick Clegg has said.

As one of the highest-profile politicians to lose his or her seat, Mr Clegg said he believed this loss was due to his views on Brexit.

Everyone's loving politics expert John Curtice this morning.

The BBC's Emily Maitlis says he deserves a "big pat on the back", with the exit poll and the results so far mirroring each other pretty accurately.

BBC Trending has taken a look at why John Curtice has so many fans - read more here.

Theresa May leaves Conservative HQ, ignoring questions about whether she'd be stepping down.

The pound keeps slipping. It is down more than 2% against the dollar at $1.26800 - its biggest single day drop of the year.

And it's almost 2% lower against the euro at 1.13300 euros.

Today Programme
BBC Radio 4

Image source, Getty Images

Mike Amey, a fund manager at investment firm Pimco, says the pound’s fall overnight could have been much worse. It’s down more than 2% but some expected it to fall by more than 5%.

“On the one hand the markets are worried about the political uncertainty, but on the other this was an anti-austerity vote, which could mean that growth holds up a little better.

"If the economy is pump-primed a little more then that can hold the pound up.”

BBC Radio 5 live

BBC Radio 5 live are in Sheffield this morning, speaking to students as they make their way home from an all-night election results party in a bar.

Maisie, Grace, Charlotte and Hannah finished their last exam at 11am yesterday morning. They all voted Labour - and they like Corbyn.

One told reporter Rowan Bridge: "I'd never been passionate about a politician before, I know I'm only young but until he came along he's the only one I've actually thought - he seems like a decent guy".

Image source, Rowan Bridge

Jonty Bloom
BBC Business correspondent

Image source, Getty Images

All of a sudden the Democratic Unionist Party's Brexit policy is very important.

Until now Theresa May had argued that Brexit means Brexit - in other words leaving the single market, Customs Union, ending free movement and being free of the judgements of the European Court of Justice.

But although the DUP backed Brexit they do not want a hard border with the Republic of Ireland, for a whole host of reasons including the huge amount of cross-border trade that exists and the open border with the South - one of the real successes of the peace process in Northern Ireland.

But that is more difficult to achieve if we leave the Single Market and the Customs Union.

The DUP manifesto is rather ambiguous on this issue, calling for "Progress on new free trade deals with the rest of the world and... a comprehensive free trade and customs agreement with the European Union".

But it also calls for the ability to opt-in to EU funds where proven to be cost-effective, arrangements to facilitate ease of movement of people, goods and services, and continued participation in funding programmes such as research funding.

If the government needs the votes of the DUP to stay in power, the negotiators on both sides - the EU and UK - will now have to put special emphasis on how to give the DUP and Northern Ireland what they want and that makes a "softer" form of Brexit more likely.

Shadow Chancellor John McDonnell tells BBC Radio 4's Today programme that Labour will seek to form a minority government because the Conservative party is not "stable".

Mr McDonnell said rivals within Mrs May's party - such as Boris Johnson and David Davis - were "on manoeuvres" for a leadership election.

He added: "So I can't see them holding together. If they do seek to do a coalition with the DUP... well, pardon the expression but someone used it during the campaign, it is a coalition of chaos."

Today Programme
BBC Radio 4