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Bettors Shift Further Towards Truss As Sunak Fails To Gain Ground In Debate

UK

Following the first head-to-head debate on the evening of 25 July between the two remaining candidates in the Conservative Party leadership contest, betting markets have shown a further shift towards frontrunner Foreign Secretary Liz Truss.

  • Data from Smarkets shows Truss with a 75.8% implied probability of winning the contest and becoming the next PM, up from 64.9% before the BBC debate.
  • Former Chancellor Rishi Sunak was seen to have failed to have done enough to win the debate, with his implied probability of becoming PM falling from 34.0% to 23.3% presently.
  • Polling data from Opinium showed Conservative voters more likely to see Truss as the debate winner (47% for Truss, 38% for Sunak), while Labour voters saw Sunak as the winner 41% to 30%.
  • A second head-to-head takes place today on TalkTV and the website of The Sun newspaper at 1800BST (1300ET, 1900CET).
Chart 1. Who Performed Best in the Debate?, %

Source: Opinium, Sample: 1,032 GB adults. Fieldwork: 25 July

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