The turbulent US election period in the United States has resulted in shock victory for Republic billionaire businessman Donald Trump , but what does the result mean for the British pound?
Mr Trump's election victory is likely to change the “special relationship” between Britain and the US and some in this country have hoped a trade agreement across the Atlantic could be a boost to the economy after the Brexit vote.
However, some experts have warned Mr Trump may not hand out favours to Britain after his “Make America Great Again” campaign that catapulted him into the White House.
He has also previously criticised free trade agreements signed by the US.
Britain praised after Brexit
Mr Trump's trade adviser has previously said the UK would get priority status because the two countries are “friends”, and also praised Britain for leaving the European Union.
Global markets were seized by panic overnight on Tuesday (November 8) as Mr Trump's victory became clear, and analysts warned of a “gigantic shock” to the world economy.
But the dollar has not been hit as hard as the pound was after the nation voted to leave the European Union.
The day after the Brexit vote London's main stock market, The FTSE 100, dropped 3.2% the next day, and the pound had one of its biggest one-day falls on record when it fell 9% to $1.33 – the lowest since 1985.
UK markets have rebounded since then, in part thanks to the weak pound.
Mr Trump has been congratulated on his win by Prime Minister Theresa May, and Uxbridge MP and Foreign Secretary Boris Johnson who said he is looking forward to working with the Republican.
Dollar not affected like sterling
On Wednesday (November 9), the US markets after the Presidential Election were not affected in quite the same way – it dropped sharply but recovered most of its losses throughout the day.
Fortunately for Brits, the pound was up against the dollar on Wednesday afternoon.
The pound rose 0.8% against the dollar (1.248) and 1.6% against the Euro at 1.140.
London's FTSE 100 lost £37billion on Wednesday morning as the UK's top companies dropped as much as 2%, but Mr Trump's conciliatory speech helped markets recover.
The biggest fallers on the FTSE were banks, life insurance companies and asset managers while pharmaceutical firms, gold and mining companies gained the most.
Gold jumped almost 5% to its strongest spot in six weeks.
This is believed to be because investors are looking for safe havens after Mr Trump secured the vote to become the 45th President.
Tips for holidaymakers
Anyone planning on visiting the US soon should consider cashing in on the dollar while the pound is strong.
The pound is also up on 31 other holiday destinations, including 9% against the Mexican Peso and 3% on currency in South Africa and Madagascar.
There have also been slight improvements in Australia, Canada, Sweden and Norway.
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