Donald Trump election win could see the pound given a massive boost – but world economy will be thrown into turmoil, experts warn
Republican candidate goes into final few days of campaigning with the momentum against rival Hillary Clinton
THE pound could be given a huge boost if Donald Trump is voted US President on Tuesday, it is predicted.
But many world financial markets will be plunged into turmoil if the businessman wins Tuesday US Election, economic gurus have claimed.
Republican Trump has launched a late surge for the White House but bookies still rate Democrat Hillary Clinton as favourite for the presidency.
They cite his pledge to ignore previous trade agreements and start a trade war with Mexico as reasons for market uncertainty.
But if businessman Trump springs a shock it could mean the beleaguered pound bounces back on Wednesday.
Clinton's campaign received a boost when the FBI announced she won't face criminal charges over the e-mail scandal that was hanging over her head.
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Nomura analysts say sterling could rise by nearly three per cent.
By contrast, a win for rival Hillary Clinton could see it tumble by a further two per cent.
The leading S&P 500 market would experience a seven per cent dip, experts at Dartmouth and Michigan universities claimed.
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While the Mexican peso could suffer a fall of up to 25 per cent against the dollar if Trumps triumphs.
A former International Monetary Fund expert warned of dire consequences should he win.
Simon Johnson said it could take the world economy "back to the Great Depression in terms of the impact on trade and consequences”.
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