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The dollar and Bitcoin have shot up in value following Donald Trump's comprehensive election win.

Both currencies, as well as yields on US government bonds rose sharply yesterday and were heading for record highs, The Times reports.

The dollar was boosted by Trump's promises of inflationary tariffs, tax cuts and slashing of red tape, and rose 1.4%

Meanwhile Bitcoin soared to a record high of $75,397 before paring gains to trade up 6.1 per cent at $73,767 by mid-morning in New York.

Donald Trump has been vocal in his backing of the crypto currency.

The Times reports that both the dollar and bond yields had been rising steadily since September due to investors betting on so-called Trump trade.

The dollar had its biggest monthly gain in over two years in October and a sell-off in bonds pushed down prices and boosted yields.

FTSE 100

The UK's flagship share index, the FTSE 100, was down 79 points at 8,166 shortly after opening this morning.

Brent crude oil futures were up 0.15%, trading at $75.03 a barrel.

Companies reporting today

Auto Trader

Half Year Results

Barrick Gold*

Q3 Results

BT Group*

Half Year Results

Cameco*

Q3 Results

Derwent London

Q3 Corporate Sales Release

Endeavour Mining

Q3 Results

Helios Towers

Q3 Results

Hikma Pharmaceuticals

Trading Statement

Hiscox

Q3 Trading Statement

IMI

Q3 Interim Management Statement

ITV*

Q3 Trading Statement

John Wood Group

Q3 Trading Statement

J Sainsbury*

Half Year Results

National Grid*

Half Year Results

RS Group

Half Year Results

Tate & Lyle*

Half Year Results

Taylor Wimpey*

Trading Statement

Trainline

Half Year Results

Urban Logistics REIT

Half Year Results

Wizz Air

Half Year Results

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