Thursday’s FTSE 100 sell-off reveals that sentiment may not have stabilised after all in the wake of Wednesday’s Trump shock.
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Although the polls suggest that Clinton and the Democrats could still take the White House, the polls have narrowed in recent days, which must be worrying for the Clinton camp. This is being reflected in the financial markets, where the stock markets have been stuck in a directionless range (see more below), and Treasury yields have broken back above the key 1.8% level.