Financial Times

The Financial Times' commentary on Donald Trump's "stunning" win in the US presidential race leads with a look at the immediate economic impact of the result. 

The value of the Mexican Peso suffered its biggest drop since the country’s 1994-1995 devaluation crisis, while European stock markets suffered an early slide - although that was later corrected.

The FT also noted the welcoming responses of populist politicians, particularly those from Europe.

Jean Marie Le Pen, founder of the right-wing Front National hailed the result, tweeting “Today the United States, tomorrow — France."

Read more: Donald Trump seals historic US election victory, external

The Daily Telegraph

The Daily Telegraph urges calm in an opinion piece on Donald Trump.

"Should we head for the hills? No," it argues, saying that the process of adjusting to the reality of a Trump administration will be mutual for the president-elect and the world. 

The article acknowledges Mr Trump's foibles, calling his rhetoric "unrelentingly negative, peppered with unfulfillable promises."

Read more: Why Donald Trump's victory could be good for the US – and the world, external (£)

What do exit polls tell us about who voted for Mr Trump and who voted for Mrs Clinton?

Image source, Associated Press

Mikhail Gorbachev, the last Soviet leader, has welcomed Donald Trump's election.

"It is possible that Russian-US relations can improve significantly under the new US president. I am convinced that it is necessary to start bilateral dialogue at the highest level, particularly on the key areas of foreign policy," he was quoted as saying by the Russian news agency Interfax.

More than 1,000 UK troops have been put on 24-hour stand-by to help in the event of flooding this winter.

The government is also investing £12.5m in new temporary flood defences for its "most comprehensive winter plan yet".

This follows a review of the handling of the problems caused by Storm Desmond in parts of the UK late last year.

The Met Office warned of icy conditions, external in north-east England and the East Midlands on Wednesday, after snow hit parts of northern England and Scotland.

Highways England issued a severe weather alert, urging motorists in the North of England and the Midlands to check conditions before setting out and to ensure they had a winter kit in their vehicles.

In Sheffield, an elderly man was rescued on Tuesday evening, after he got lost in worsening weather. South Yorkshire Police said bad weather conditions meant helicopters could not be used and mountain rescue teams were called in to help the 77-year-old.

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James Landale
Diplomatic correspondent

Image source, Reuters

So what now? The election of Donald Trump presents Britain with many challenges and some opportunities.

The president-elect is the son of a Scot, he owns property and golf courses north of the border, and says nice things about Britain when he visits. "Britain's been a great ally," he said in May. "With me, they'll always be treated fantastically."

He supports Brexit and makes positive noises about Britain securing a trade deal with the US. He said: "I'm not going to say front of the queue, but it wouldn't make any difference to me whether they were in the EU or not. You would certainly not be back of the queue, that I can tell you."

Mr Trump has also shown himself eminently flexible on policy, a point that former President Jimmy Carter made to me when he visited Britain earlier this year. This means that in some areas of international policy there will be opportunities for the UK to engage and to influence.

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Celebrities including Madonna, Cher and Lily Allen react to the election of Donald Trump as US president.

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Later today the prime minister will meet Hungarian PM Viktor Orbán at Downing Street. 

Mr Orbán has become known for his hard line stance on refugees, twice attempting in recent months to legislate against EU refugee quotas in the Hungarian parliament - once via a nationwide referendum. 

Bloomberg

Image source, AFP/Getty Images

Bloomberg reports that a London-based gold seller has had to order in emergency supplies of the precious metal after the shock election of American President-elect Donald Trump sparked a buying frenzy in the early hours of 9 November. 

Gold is seen by investors as a safe haven for their cash assets during times of economic upheaval.

Read more: Gold Seller Running Out of Bars, Coins in London After Trump Win, external

The UK and Scottish governments have been holding more talks on Brexit.

The meeting came after the news that Scotland is to demand a say in the Supreme Court hearing over Article 50 - the device for taking the UK out of the European Union.

Brexit Minister Mike Russell feels it is difficult to negotiate when the UK government has not provided clarity on its strategy since the June vote to leave the EU.

Scottish Secretary David Mundell MP says the public just wants the two governments to work together to achieve the best outcome for Scotland and the UK.

Image source, Getty Images

Remain campaigner Will Straw, writing in the New Statesman, external, says there was a familiar sense of rhythm to last night’s unfolding drama.

Initial indications that the polls were right, signs of an early concession, but then a tightening in key battlegrounds, markets tumbling, despair on the faces of one set of supporters and finally the emergence of a victorious but stunned blonde bombshell to take in the gravity of what he had done, he writes.

As the executive director of Britain Stronger in Europe, Mr Straw says, "I lived through all this on that night in June. I have consequently spent the last four months seeking to understand why we lost – all the time looking across the Atlantic as similar mistakes were made by the Clinton campaign - a poll-driven strategy based on the risks of the opponent, a failure to address her biggest weaknesses, and even an over-reliance on celebrity endorsements".

"On the dawn of the Donald Trump era, those of us on the centre and left will look around the debris in despair," Mr Straw says.

"The temptation to lash out will be strong. It is easy to patronise or vilify those who did not agree with us. But this would be both wrong and counter-productive," Mr Straw argues.

Investors have faced a volatile morning, a fall on the markets followed by a rally. It is clear some investors think Donald Trump could be good news for the economy – in the short term at least.

Turning to Brexit ... Plaid Cymru's Brexit spokesman Jonathan Edwards welcomed David Davis' call for more frequent meetings with the first ministers of the devolved nations for discussions about the UK leaving the EU.

But he warned the Brexit secretary:

Image source, Reuters

Donald Trump is a hugely effective communicator.

Sir Elton John apparently said of him he's the best live performer who doesn't sing and doesn't play a musical instrument. He communicates brilliantly clearly.

But one thing that might have been lost on some of his audience was his promise to deliver "Brexit plus, plus, plus".

The reasons why Britain pulled out of the EU have not been a central concern to many Americans, but what it signified to Donald Trump was something important.

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