- Analytics
- News and Tools
- Market News
- UK: Rishi Sunak to become next UK PM after winning leaderchip contest
UK: Rishi Sunak to become next UK PM after winning leaderchip contest
Sir Graham Brady, chair of the 1922 Committee, announced on Monday that Rishi Sunak is elected as leader of the Conservative Party and new prime minister following Penny Mordaunt's decision to drop out of the contest.
Sunak will reportedly deliver a private speech to Tory MPs at 1430 GMT.
Market reaction
This development doesn't seem to be having a significant impact on the British pound's performance against its major rivals. As of writing, GBP/USD was trading virtually unchanged on the day at 1.1298. Meanwhile, the UK's FTSE 100 Ubdex gained traction on this headline and was last seen rising 0.7% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
