Donald Trump's Brexit

It happened again. Unexpected, (or was it?) as it was, Donald Trump stormed to a substantial victory in the US general election held this month, much to the surprise, probably concern, of many establishment figures and observers around the world.

The gloom lasted no more than a couple of hours though - it took just one 15 minute acceptance speech to make markets forget all talk of walls and expulsion of immigrants and for the focus to turn, expectantly, at what the new Trump era of deregulation of financial services, repatriation of jobs and business to the UK and a wholesale review of America's trade arrangements with the world could bring.

Theresa May's warm congratulations, Boris Johnson's call with VP Mike Pence and the apparent closeness of Mr Farage to the President-elect, all contrasted sharply with the rather cooler response to the election by the German Chancellor, Angela Merkel and the impromptu meeting held by the EU to discuss the result of the poll.