Surprise Iowa poll ‘spooked’ financial markets

Sky News Business Editor Ross Greenwood discusses whether the US election is already causing tension in the financial markets.

“There is no doubt that in particular that surprise poll in Iowa spooked the financial markets,” Mr Greenwood told Sky News host Chris Kenny.

“The reason was, at that time, you looked at the betting markets, you looked at the stock markets, you looked at the US currency markets – they all expected a Donald Trump win.

“When that Iowa poll came in, you suddenly saw nervousness, the US dollar wobbled, the US stock market wobbled, and even what we can show you is that the betting market wobbled.”