Trump victory boosts FX volumes and uncertainty

Activity in interbank forex set to exceed levels seen after UK referendum and Swiss franc shock

Aftershock: following sharp moves as the US results came in, the tone steadied in London hours

An immediate foreign exchange sell-off in the immediate aftermath of the US presidential election has calmed down in London trading, in contrast with the market reaction in the wake of the UK's vote to leave the European Union, with major currencies stabilising near levels seen before the result.

The euro traded just 100 pips higher against the dollar mid-morning in London, compared with pre-election levels, with dollar/yen around 103.

"Donald Trump is the US president-elect. This was unexpected

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