Dirhams & Dollars

As predicted by the majority of the statistical models, Democrats won the House of Representatives in the US midterm elections, while the Republicans retained a majority in the Senate. With Trump’s wings clipped, what does this mean for the US? On today’s podcast, we discuss what a split Congress will mean for Trump’s attempts to push through legislation over the next two years. Will an emboldened Democratic Party lead to probes, bickering, and deadlock? And if so, what impact will this have on the country’s economic outlook, and the market’s performance? We also talk more broadly about the impact of the election on the markets and the dollar, and the outlook for America’s trade posturing going forward.