The sharp drop of the pound against the dollar to $1.285 highlights the immediate market reaction to Donald Trump's projected return to the White House, reflecting concerns over potential U.S. fiscal policies.
As the dollar surged, Trump's anticipated 'America First' policies are seen as a catalyst for rising inflation and sustained high interest rates, which profoundly impacts global markets.
While U.S. stocks rallied post-election, with significant gains in U.S.-facing companies, European markets experienced contrasting outcomes due to fears of dampened growth from Trump's economic strategies.
Bitcoin's jump to a record $75,060 showcases the crypto market's optimism, fueled by Trump's acceptance speech as the 'Crypto President', which resonates with his pro-economic stance.
Collection
[
|
...
]