Phone Us

Donald Trump Elected President of the United States

Donald Trump will become the 45th President of the United States following his election victory.

Donald Trump Elected President of the United States

Donald Trump will become the 45th President of the United States following his election victory.

Following success in the key swing states of Florida, Pennsylvania and Ohio, Mr Trump had his victory confirmed as the state of Wisconsin voted for the Republican nominee. The state’s 10 electoral college votes gave Mr Trump the final push needed to surpass the 270 electoral college vote threshold and secure the presidency with 278 electoral college votes.


Mr Trump addressed the crowds at the Hilton Midtown in New York City, saying: ‘It is time for us to become together as one united people … I pledge to every citizen of our land that I will be president for all Americans.’


The election result marks a shock for many, with exit poll data released earlier in the evening indicating that the victor would in fact be Mr Trump’s Democrat rival, Hillary Clinton.


Mr Trump, now the President Elect, also confirmed that Mrs Clinton had conceded defeat in the election to him via phone call and would be making an official concession speech in due course.


Election night brought success for the Republican Party, who also managed to maintain their majority in the Senate and in Congress.


Following the surprise victory for Mr Trump, markets around the world intially saw falls in reaction to the election result.


The FTSE opened almost 2% lower during early trading, as traders began to sell-off stocks, but the impact of Mr Trump's has been far smaller than the effects seen in response to Brexit, with the decrease reduced to just 1% at the time of writing.


Despite overnight losses on the Asian, European and US futures markets, Mr Trump’s victory speech has reassured many investors. The dollar, which suffered a decrease in value against the pound throughout the night as a Trump victory looked more likely, has now returned to around $1.24, roughly where it stood prior to the election results.


Yesterday, agents from across the UK reported that the uncertainty surrounding the outcome of the election has been a motivating factor in a rising number of American investors looking to the UK for property purchases, with one agent reporting a surge in interest of up to 60% since the start of the year.

X
Cookies on our website:
This website uses cookies.
I'm OK with this Cookie Settings ?