Free Trial
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.
UK
Betting market data from Smarkets shows Defence Secretary Ben Wallace as favourite to emerge as the next Conservative party leader following a YouGov poll of Conservative members earlier today showing him as the potential candidate with the strongest appeal.
- Wallace now on a 25.6% implied probability of becoming the next leader, with former Chancellor Rishi Sunak second on 16.1% and Minister for Trade Policy Penny Mordaunt third on 12.2%.
- Two Conservative heavyweights, Deputy PM and Justice Secretary Dominic Raab and former Leveling Up Secretary Michael Gove, have ruled themselves out of running for the leadership according to some outlets.
- Still no confirmation of when leadership contest will take place, and how long PM Johnson might be able to remain in office despite his resignation earlier today.
Chart 1. Betting Market Implied Probability of Becoming Next Conservative Leader (Last 3 Days), %
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok