US Election: ‘Blue wave’ fizzles out

As the US Presidential election results continue to come in, it’s clear that the early optimism of a Democratic sweep has been replaced by a nervous tension in markets of a race that’s too close to call. The battle for the White House will now be decided on the key swing states of Pennsylvania, Michigan and Georgia, where ballot counting threatens to spill over into the coming days. We’ve seen evidence of heightened volatility over the past 12 hours, with Sterling having traded in a range of over 1.5% against the US Dollar and we expect continued volatility as the day goes on.

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