UK: Politics remain at the forefront – Deutsche Bank

Sandeep Kanihama FXStreet Contributor

Deutsche Bank analysts point out that for the UK economy, politics continued to consume a lot of attention as the final two candidates for the Conservative party leadership contest are now set; it will be Boris Johnson versus Jeremy Hunt.

Key Quotes

“The bookmakers certainly favour Johnson (per the Telegraph), with current odds implying that he is a 90% favourite to win the vote amongst the 160,000 Tory party members. The winner will be announced on 22 July, leaving 3 days before Parliament's planned summer recess, which is set for 25 Jul-3 Sep. That will leave a three day window for either Johnson to announce a general election or possibly for the opposition to table a no confidence motion.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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