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New UK PM To Be Chosen By Early September

UK
  • The FT reports that the new UK Prime Minster to replace Boris Johnson after today's resignation is set to be chosen by early September.
  • The current betting favourite for the next leader of the Conservative Party according to smarkets is Ben Wallace at circa 25%.
  • GBPUSD isn't sure what to make of what, if accurate, would likely be a longer process than many expected, only dipping a handful of pips to 1.2013 to keep it +0.7% on the day.

Source: smarkets

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