U.K. Leadership Fight Pits Seasoned May Against Untested Leadsom

The all-female battle to be the next U.K. prime minister pits a known quantity in Home Secretary Theresa May, supported by the bulk of Conservative lawmakers, against the controversial newcomer energy minister, Andrea Leadsom, whose pro-Brexit credentials could create an upset.

The fight to succeed David Cameron and manage the country’s transition out the European Union is taking place against a backdrop of gyrating markets, with the pound trading near its lowest in more than three decades. Ministers are scrambling to recalibrate Britain’s relationship with the world, with Chancellor of the Exchequer George Osborne in China and Business Secretary Sajid Javid in India to negotiate trade.

Bloomberg

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.