US election outcome might shake up UK markets - expert breaks down why
A well-known economist explains how next US president could impact UK trade and markets. Changes in American policy might affect British exports defense spending and energy costs
The upcoming US vote could bring big changes to UKʼs economy - way bigger than recent budget updates. Roger Bootle looks at whats coming
If Kamala Harris wins‚ dont expect major shifts; however a Trump victory needs more attention. With Republican control of Congress his power to shape economy would be strong
The Ukraine situation might see big changes: Trump wants to end the conflict which could affect UK-NATO relations. European countries (UK included) might need to spend more on defense - this would hit both business confidence and market stability
Energy markets could see a shake-up: Trumps plan includes boosting oil-gas-coal output to lower prices. This move aims to weaken Iran and Russiaʼs position; however its success isnt guaranteed
Trade policies are raising eye-brows: proposed tariffs (60% on China 10% on others) could affect UK-US trade. But since UK mainly exports services to US – which usually dont get tariffs – impact might be less dramatic than it looks
The dollar would likely get stronger which could help UK exports stay competitive in US markets. Still euro-zone might see its GDP drop by 1% affecting their need for British goods
US bond market is already showing signs of worry about possible inflation rise. Higher US bond rates often push UK gilt yields up - adding to pressure from last weeks budget choices
Some worry about world-wide trade wars; but last time Trump put tariffs in place global impact wasnʼt too bad. Still markets dont like uncertainty and more changes could be coming
