US Election: Obstructing democracy

US Election: Obstructing democracy

Whilst we’re busy gearing up for a volatile 48-hours, it’s worth mentioning that President Trump has laid the foundations for legal action against the US election vote result, proving the man will do just about anything to retain the keys to the White House. Trump reiterated claims that there is potential for ‘fraud’ in the ballot counting for Pennsylvania and Nevada, two states that currently have Democratic governors. He went on to comment ‘The night of — as soon as that election is over — we are going in with our lawyers’, meaning he will probably attempt to block the counting of postal votes received after election night.

With more than 90 million Americans having already voted, polls conducted over the weekend give Biden a rough 8-point lead nationally, along with putting him ahead in all the swing states except Iowa and Ohio. In a mark of his popularity, or admittedly Trump’s unpopularity, Biden leads in Georgia, which has not voted for a Democrat in 30 years and is neck and neck with Trump in Texas, which has not voted Democrat since 1976. Markets have largely reflected the risks of a delayed election result with US Dollar strength.

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