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Evening Standard
Evening Standard
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Jonathan Prynn

OPINION - Flying dollar and falling pound: what Donald Trump's win means for the City and London's economy

Republican Presidential nominee former President Donald Trump dances as former first lady Melania Trump watches at the Palm Beach County Convention Centre (Lynne Sladky/AP) - (AP)

Ebullient financial markets were in a Georgia state of mind through the dark early morning hours as they reacted to the results from the seismic US Presidential and Congressional elections hitting their trading screens.

The moment that the Deep South state was projected for Trump at around 5.30am London time set dealing rooms all over the world alight. Until that crucial moment investors had remained cautious, expecting a close and possibly undecided race between the two candidates, with the dollar little moved against other currencies.

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