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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
Former Chancellor of the Exchequer Rishi Sunak has emerged as the clear frontrunner to become the next leader of the Conservative Party and the UK's Prime Minister after Boris Johnson dropped out of the race.
- Sunak has reportedly secured the backing of around 150 MPs from all corners of the party at this point, becoming the only candidate to cross the threshold of needed to formally register his candidacy.
- Johnson claimed to have the support of 102 MPs but only about 60 endorsed him publicly, while some senior Tory figures warned against the potential chaos that could follow his return to Downing 10.
- Penny Mordaunt has also thrown her hat into the ring but is yet to garner enough support among Tory MPs to make it on to the ballot paper. If she fails to convince enough Johnson backers and undecided lawmakers, Sunak could win by default in the first round on Monday.
- Betting exchange Smarkets has shown a notable increase in the odds of Sunak succeeding Liz Triss as the Prime Minister, with his victory now seen as a virtually done deal.
Fig. 1: Who Will Be The Next UK Prime Minister?
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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