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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK
The results of the fourth round of the Conservative party leadership election to decide the next party head and who takes over as UK PM from Boris Johnson set to be announced at the top of the hour (1000ET, 1500BST, 1600CET).
- A reminder of yesterday's results: Rishi Sunak: 115 (+14 from 3rd round), Penny Mordaunt: 82 (-1), Liz Truss: 71 (+7), Kemi Badenoch: 58 (+9),
Tom Tugendhat: 31 (-1). - Former equalities minister Badenoch favourite to be eliminated in the fourth round, although some speculation that centrist supporters of the ousted Tugenhat or those of former Chancellor Rishi Sunak could lend their support in the secret ballot to Badenoch in an effort to see right-wing Foreign Secretary Liz Truss ousted from the contest.
- Betting market data from Smarkets shows Sunak as favourite to win the race, with a 42.4% implied probability of winning (down from 50% this morning. Truss in second at 31.8% (up from 26.7% earlier today), Mordaunt third on 23.8% (up from 15.2%, and Badenoch fourth on 4.4%.
Chart 1. Betting Market Implied Probability of Winning Conservative Leadership Election, %
Source: Smarkets
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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