Sign up to our daily newsletter Did you know with a Digital Subscription to Sunderland Echo, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Donald Trump is nearing victory in the US presidential election. Advertisement Advertisement At the time of writing, his future leadership has not been confirmed, with a number of crucial swing states yet to declare their results.
But Trump appears on track to secure the 270 electoral college votes and return to the White House as 47th President of the United States in January 2025. While America seems half the world away, Trump’s second premiership could have important knock-on effects for life here in the UK. Advertisement Advertisement Trump's presidency could bring a mix of benefits and challenges for UK spenders, but just how will his sophomore run affect personal finances in the UK? What effect will his Republican administration have on mortgage rates and other economic issues? Here is everything you need to know.
What are the immediate effects of Trump’s win? In the immediate aftermath of his declaration of victory, European stock markets were up, and the US dollar grew stronger as traders responded to Trump's re-election. Advertisement Advertisement In the UK, the FTSE 100 index, which tracks the biggest companies on the London Stock Exchange, rose by about 1.5%.
This jump reflects that a Republican win offers some stability for th.
