Summary

  • US vice president-elect Mike Pence calls Boris Johnson

  • Former Chancellor George Osborne receives his award for political and public service at Buckingham Palace

  • Some MPs 'ready to vote against triggering Brexit'

  • Political parties choose their candidates for Sleaford & North Hykeham by-election

  • The Youth Parliament holds its annual sitting in the House of Commons

Live Reporting

Jackie Storer and Tom Bateman

  1. Markets are 'once-bitten, twice shy'

    Dominic O'Connell
    Business Presenter, BBC Radio 4 Today programme

    Overnight the FTSE 100 futures contract indicated the British market would slump – down 4%, was the call. In the end, the indicators were wrong. Early on the FTSE 100 fell 1.4% but recovered to be down just 0.5% after the first hour’s trading. It was a far cry from the sharp fall the day after the Brexit vote, and mild after the heavy sell-off on Asian markets overnight.

    Why are traders so sanguine? Part of the explanation may be an attempt to second-guess what happened after the European referendum. Then, markets recovered all their lost ground in six weeks, and the FTSE 100 eventually went to an all time-high. Once bitten, twice shy.

    Investors were also trying to pick winners from the Trump victory. Gold and other commodities were up, while shares that might suffer from trade wars were down.

    In the end though, the most likely explanation for the market’s relative calm is confusion. The markets know as little about a Trump presidency as anyone else, and trying to seek a safe haven when no-one quite knows the direction of the world’s largest economy is tricky. Better to sit on your hands, and see what happens.

  2. Now, now: MP reacts to Katie Hopkins US move threat 'if Trump wins'

    Labour MP tweets...

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  3. British MPs react to election of Donald Trump as US president

    British MPs tweet...

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  4. Who's called to congratulate President Elect Trump?

    Here are some of the leaders and nations we know about.

    Vladimir Putin has sent Trump a telegram to congratulate him, declaring his "hope to work together for removing Russian-American relations from their crisis state".

    EU chiefs Donald Tusk and Claude Juncker have sent "sincere congratulations" and an invitation to visit Europe.

    Egypt’s President Abdel Fatah al-Sisi wished Trump "success in serving the friendly American people, who gave him their trust to lead them" and said he looked forward to reinvigorating US-Egyptian ties.

    Palestinian President Mahmoud Abbas says in a statement that he "congratulates the elected American president, Donald Trump, and hopes that peace will be achieved during his term".

    Indian PM Narendra Modi says India looks forward to working with Donald Trump closely, "to take India-US bilateral ties to a new height".

    Lu Kang, a spokesman for the Chinese foreign ministry, said: "We look forward to working together with the new US new administration to push forward a consistent, healthy and stable China-US relations," but didn't mention Trump by name.

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  5. Theresa May 'looks forward to working with President-elect Donald Trump'

    Prime Minister Theresa May has congratulated Donald Trump on winning the US presidence "following a hard-fought campaign".

    In a statement, she said: 

    Britain and the United States have an enduring and special relationship based on the values of freedom, democracy and enterprise. We are, and will remain, strong and close partners on trade, security and defence. I look forward to working with President-elect Donald Trump, building on these ties to ensure the security and prosperity of our nations in the years ahead."

  6. Lib Dems use Trump victory in recruitment drive

    Liberal Democrats tweet...

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  7. Testing democracy US-style

    Labour MP tweets...

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  8. Donald Trump invited to EU-US summit to discuss future relations

    BBC assistant political editor tweets...

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  9. Star Trek actor expresses shock at Trump victory

    Mr Sulu actor tweets...

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  10. Could Obama pardon Hillary Clinton before he leaves office?

    Chants of "Lock her up!" are ringing out at Trump celebrations around the US. Trump pledged during his campaign to appoint a special prosecutor to investigate Hillary Clinton and her use of a private server to manage her emails and has frequently suggested she should be behind bars.

    It seems unlikely that there is any political capital in pursuing the issue now, but some people, including former political staffers, have raised the bizarre prospect of Obama pardoning Clinton before he leaves office.

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  11. Palin, Giuliani, Gingrich... Contenders for a Trump cabinet

    Speculation is underway about who will fill Donald Trump's cabinet. Sarah Palin nailed her colours to Trump's mast early on, as did former New York mayor Rudy Giuliani and former house speaker Newt Gingrich.

    Sarah Palin remains a somewhat divisive figure...

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  12. Listen: 'The US will be less indulgent to the EU'

    Mario Monti says the relationship between the US and the EU will change.

  13. European markets pare losses
    Breaking

    European markets continue to regain ground after sharp losses at the open. The FTSE 100 in London is now almost flat, while Frankfurt and Paris are both down just 0.8%.

  14. 'Fairness and respect' for armed forces

    War veterans and members of the armed forces need to be treated better by society, the Welsh Conservatives say.

    Read More

  15. Peso recovers some ground

    Tom Espiner
    Business reporter

    PesoBloomberg Markets

    The Mexican peso has recovered some ground against the US dollar following Donald Trump's US win and is now trading down around 8.5%, according to Bloomberg.

    Trump's claim that he would rip up a free trade agreement with Mexico and tax money sent home by migrants to pay for building a wall on the southern US border once elected president have made the peso particularly sensitive to events in the race for the White House.

  16. Five questions on economy for Trump

    Donald Trump will become the 45th US president. Here are five questions the new president will have to answer on the economy.

    Read More

  17. Juncker urges Trump to build bridges between Europe and US

    European Commission President tweets...

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  18. Donald Trump's 'platitudes even more unhinged than Clinton's would be'

    Guardian former political editor tweets...

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  19. Farage to link UK and Trump government?

    The Daily Telegraph

    The Daily Telegraph has run an article suggesting that Nigel Farage could be the man to bridge the gap between the UK's foreign policy establishment and the incoming Trump administration in the US. 

    The article claims the UK's diplomats will be concerned that the new American president is an unknown quantity, saying: "Britain's closest and most important international ally is now going to be led by a man they don't know, don't understand, can't predict and have barely spoken to."

    The answer? Trump supporter Nigel Farage. 

    Read more: How can a shocked, incredulous Britain do business with President Trump? Send for Nigel Farage

  20. 'If Clinton had won, Trump would yell the poll was rigged'

    Daily Mirror associate editor tweets...

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