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.
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