Nancy Pelosi has announced a formal impeachment inquiry of President Trump

So reports Bloomberg, Pelosi officially getting the ball rolling.

I posted yesterday to keep an eye on this as it develops:

• US media - senior Democrats pondering if time has come to impeach President Trump

Which I'll be doing. US stocks not liking it:

• Not a good day on Wall Street as major indices react to potential impeachment proceedings

The Senate will be a tough nut (impossible?) for Pelosi to crack on this.

On the plus side, at least Trump has not lied to the Queen.