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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
Prime Minister Boris Johnson faces the most uncomfortable PMQs of his tenure at 1200GMT (0700ET, 1300CET) today as questions over a supposed COVID lockdown-breaking party in May 2020 put his continued leadership of the gov't under major strain.
- Sixteen Conservative MPs have gone on the record criticising the PM and Downing Street for their actions, with many more offering scathing comments off the record. There remains the very real prospect that the gov'ts repeated denials result in a critical mass of 55 Conservative MPs sending letters to 1922 Committee chair Sir Graham Brady calling for a leadership election.
- Betting markets show punters piling into bets that Johnson will be out as PM by March. According to Smarkets this option now sits as the second highest implied probability outcome behind Johnson remaining until 2023 or later. The implied probability of Johnson leaving by March sits at 28.57%, compared to 38.46% for him lasting until 2023.
Chart 1. Betting Market Implied Probability of PM Johnson's Exit Date From No.10 By Quarter, %
Source: Smarkets, MNI
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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