Global stock markets rally as Donald Trump takes victory in US election

It remained about 1.2% higher later in the morning when it was declared that Donald Trump had won the election

UK stock markets rally as Donald Trump takes victory in US election Picture: John Stillwell/PA

Stock markets in the UK and across Europe have been boosted while the US dollar has surged as traders around the world react to Donald Trump winning the US presidential election.

The UK’s FTSE 100 jumped by about 1.5% when markets opened on Wednesday as an anticipated Republican win provides some certainty for the future of the world’s biggest economy.