Donald Trump has just declared victory in the US election after clinching key swing states in the early hours of this morning.
The Republican won North Carolina, Georgia and Pennsylvania, and appears on course to sweep Wisconsin and Michigan in a landslide.
Addressing the nation from Florida, he declared victory and pledged to bring forward common sense policies on a number of issues, name-checking oil and gas during his victory speech.
Once his victory is confirmed, the 78-year-old will return to office even more powerful than before, with the Republicans in control of the Senate and Supreme Court as well.
Trump mentioned the assassination attempt made on him in July, which he survived after a bullet grazed his ear at a campaign rally. He told the the crowd his life was "saved for a reason".
Trump says he'll bring "every ounce of spirit and fight" to the White House, and that being president is the "most important job in the world".
He added that he'll run his government on the motto: "Promises made, promises kept."
What will it mean for the UK?
Trump's victory is likely to prove troublesome for Prime Minister Sir Keir Starmer, despite their positive two-hour dinner in September.
Trump's campaign has since accused the Labour Party of trying to interfere in the US election by sending party officials to campaign for Kamala Harris.
And Foreign Secretary David Lammy has previously called Trump "a woman-hating, neo-Nazi-sympathising sociopath" who is "a profound threat to the international order".
This morning, Sir Keir said he was "looking forward" to working with Trump in the years ahead.
He added: "As the closest of allies, we stand shoulder to shoulder in defence of our shared values of freedom, democracy and enterprise."
Former Chancellor Philip Hammond said officials would be taking "deep breaths" in Whitehall and across Europe as they await the roll-out of Trump's policy agenda.
However, what will not hurt US-UK relations during a second Trump term is the former president's personal affinity for the UK.
His mother was born in Scotland, and his second golf course in Aberdeenshire is due to open next year, completing what he has described as the "greatest 36-holes in golf".
Market reaction
Trump has said he would dramatically increase trade tariffs, especially on China, if he became the next US president.
The dollar rocketed higher at its fastest pace in nearly two years and surged by 1.3% against the pound, which is worth $1.287, its lowest level in two months.
Yields on 10-year Treasury bonds - the return the government promises to pay buyers of its debt - jumped to 4.47%, breaking last week’s top of 4.39%, while two-year yields climbed to 4.31% from 4.19% amid expectations that Mr Trump will enact more inflationary policies.
Bitcoin climbed as much as 8.5% to reach a record high of $75,060 as the self-styled “Crypto President” started taking key states.
Tesla's Frankfurt-listed shares rallied over 14% at the open on Wednesday. Elon Musk, Tesla's top shareholder, has supported Trump throughout his electoral campaign.