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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
Paul Brand at ITV tweets: "One member of 1922 executive tells me “odds are against” Liz Truss surviving the day as PM. Committee is expected to meet later to discuss the leadership crisis."
- Comes after a chaotic day in Westminster in which PM Truss sacked her Home Secretary (one of the most senior gov't ministers), was forced to suspend a senior aide, followed in the evening by confusion and rancour between backbenchers, ministers, and gov't whips over a vote proposed by the opposition Labour party on fracking.
- A total of eight Conservative MPs have publicly called for Truss' resignation, with the widespread speculation that a much larger number have submitted letters of no confidence to the 1922 Committee chair in private.
- Political betting markets show little confidence in Truss' continued tenure, with data from Smarkets giving a 50% implied probability that former chancellor Rishi Sunak is PM on New Year's Day.
Chart 1. Betting Market Implied Probability of Who is UK PM on 1 Jan 2023, %
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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