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

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.