A majority of UK financial advisers - 80 per cent - say Donald Trump's victory in the US Presidential race, announced this morning (9 November), will have a negative impact on investments.
Yesterday advisers warned Trump becoming President would cause a huge sell-off in financial markets.
Opinium research has shown after this morning's United States election result that only 4 per cent of those surveyed held the view the Trump win would positively impact the market.
Meanwhile four out of five advisers said a Trump win would damage investments.
James Endersby, Opinium Research said: “The general consensus among UK financial advisers is that the Trump victory will see a similar reaction to the Brexit vote and early indications on the morning of the controversial candidate’s win are that global markets are already suffering.”
This morning some of Europe's major stock markets were down after the announcement that the Republican candidate had beaten Hillary Clinton.
The FTSE 100 was down 1.2 per cent while Germany's Dax was down 1.77 per cent and France's Cac 40 was down 1.4 per cent.
Near term weakness in the US dollar on the back of Donald Trump being declared US president will reverse some of sterling’s weakness, investment experts have said.
Fund managers have also questioned whether markets could replicate their post-Brexit uptick after Donald Trump's victory in the US electoral race sent risk assets plummeting.
Daren O'Brien, director at London-based on Aurora Financial Solutions: “It’s the uncertainty with Trump that worries most advisers as we didn’t really hear much on actual policy during the campaign.
"Trump simply shoots from the hip aggressively which will spook markets, but hopefully there are enough checks and balances on a President to stop him doing anything irrational or dangerous.”
