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Correction: Conservative Leadership Fourth Round Result Expected 1500BST


Correcting 0740BST bullet, the result of the fourth round of the Conservative leadership contest is expected at 1500BST (1000ET, 1600CET), with voting taking place among Conservative MPs between 1200-1400BST.

  • Betting markets have somewhat stabilised in last 24 hours. Former Chancellor Rishi Sunak still favourite on 49.5% implied probability of winning. Foreign Sec Liz Truss second on 30.3%. Trade minister Penny Mordaunt third on 16.1%, and former Equalities minister Kemi Badenoch in fourth on 4.4%.
Chart 1. Betting Market Implied Probability of Winning Conservative Party Leadership Contest, %

Source: Smarkets

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