Theresa May to Run Against Brexit Advocate Michael Gove for Tory Leadership
Posted: Wed Jun 29, 2016 8:51 am
The news from this morning which is directly affecting the markets is that Theresa May and Michael Gove are likely to go head to head for the leadership of the Conservative Party in the U.K., a race which also translates into one for the Prime Minister position. The pro-remain candidate Theresa May announced her intentions earlier today, with Michael Gove joining the race moments ago.
The news is currently being digested by the markets, with sterling getting bid after the first announcement by the Telegraph newspaper and appears to be consolidating its gains in the aftermath of Michael Gove’s announced candidature. The political landscape ... (read more)