The dollar and Bitcoin have shot up in value following Donald Trump's comprehensive election win.
Both currencies, as well as yields on US government bonds rose sharply yesterday and were heading for record highs, The Times reports.
The dollar was boosted by Trump's promises of inflationary tariffs, tax cuts and slashing of red tape, and rose 1.4%
Meanwhile Bitcoin soared to a record high of $75,397 before paring gains to trade up 6.1 per cent at $73,767 by mid-morning in New York.
Donald Trump has been vocal in his backing of the crypto currency.
The Times reports that both the dollar and bond yields had been rising steadily since September due to investors betting on so-called Trump trade.
The dollar had its biggest monthly gain in over two years in October and a sell-off in bonds pushed down prices and boosted yields.
FTSE 100
The UK's flagship share index, the FTSE 100, was down 79 points at 8,166 shortly after opening this morning.
Brent crude oil futures were up 0.15%, trading at $75.03 a barrel.
Companies reporting today
Auto Trader | Half Year Results |
Barrick Gold* | Q3 Results |
BT Group* | Half Year Results |
Cameco* | Q3 Results |
Derwent London | Q3 Corporate Sales Release |
Endeavour Mining | Q3 Results |
Helios Towers | Q3 Results |
Hikma Pharmaceuticals | Trading Statement |
Hiscox | Q3 Trading Statement |
IMI | Q3 Interim Management Statement |
ITV* | Q3 Trading Statement |
John Wood Group | Q3 Trading Statement |
J Sainsbury* | Half Year Results |
National Grid* | Half Year Results |
RS Group | Half Year Results |
Tate & Lyle* | Half Year Results |
Taylor Wimpey* | Trading Statement |
Trainline | Half Year Results |
Urban Logistics REIT | Half Year Results |
Wizz Air | Half Year Results |