Donald Trump’s chances of becoming president increasing as betting markets and forecasts look gloomy for Clinton

Key indicators are suggesting a Trump victory is more and more likely

Republican presidential candidate Donald Trump addresses a campaign rally after midnight, early 7 November, 2016 at Loudoun Fairgrounds in Leesburg, Virginia (MOLLY RILEY/AFP/Getty Images)

The chances that Donald Trump will be the next president of the US state are surging, according to various experts.

Both pollsters and betting markets are moving towards a potential win for Mr Trump over Hillary Clinton.

The Democratic candidate is still by far the favourite to win the US election. But as time goes on those odds are gradually moving in Mr Trump's favour.

Most estimates still have Hillary Clinton winning the popular vote. But the electoral college system appears to be favouring Mr Trump more and more, after he appeared to be taking some of the most important and populous states in the US.

The New York Times' forecast had been showing a consistent chance of around 80 to 85 per cent that Ms Clinton would win. But that is quickly dropping and was around 60 per cent at the time of publishing.

Betting markets have done the same, with odds becoming shorter and shorter for a Trump win. His chances of winning have gone up around 25 per cent in recent hours.

And the financial markets appeared to be matching those forecasts. The Mexican Peso, for instance, has been a consistent marker of who the markets think will win – and it is quickly plunging against the dollar, which suggests that the chances of a Trump win are becoming higher and higher.