Scott Morrison to become Australian PM

August 24, 2018 Share Print 0

Australian Treasurer Scott Morrison is set to be the country’s next prime minister, after incumbent Malcolm Turnbull was ousted on Friday.

It came after Morrison won a three-way battle for the Liberal Party leadership. Other contenders included former Home Affairs Minister Peter Dutton and Foreign Minister Julie Bishop. Morrison won 45 votes to 40 at the leadership meeting, according to local media.

Turnbull did not contest for the vote after it became clear that he had lost the support of majority of his party members.

CNBC

Aussie rallies as new prime minister picked

USD/JPY – Japanese yen dips, inflation reports next

This article 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 Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Latest Posts

Craig Erlam

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.