Broad declarations that Biden will be the next President are imminent. Does it matter for markets?

Author: Adam Button | Category: News

It's academic now

It's been clear for a day that Biden would have the votes to overtake Trump in Pennsylvania and win the election. The mail-in votes are widely favouring him and 5% of votes in the state are still outstanding.

Arizona, Nevada and Georgia are still uncertain but Biden is a strong favourite in all but Arizona.

With Pennsylvania though, it doesn't matter. Does it matter for the market if/when Biden is called? I should be priced in by now and the bigger risk is a sell-the-fact drop in equities. We'll also have to see how Trump reacts as well.

Decisions Desk HQ has called it but it's going to take a move from CNN, Fox News and the major networks to cement it.
Biden flag
It's tough to say exactly when they will call it because they're being cautious but I expect it will be today. It may be in minutes.

For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose