21 July 2022 - Sunak and Truss to fight out final ballot

The battle to become the Prime Minister has entered its long final straight as Rishi Sunak and Liz Truss have become the last two candidates standing. Both believe that they have a strong case with Sunak pointing to his record as Chancellor of the exchequer, his first Cabinet post to prove his credentials, while Truss believes that she has the strong support of the right wing of the Conservative Party. The newspapers are building a degree of antipathy between the two into their rivalry, mostly driven by their performance at the second of the televised debates and their apparent refusal to take part in a third, apparently each fearing the other’s ability to draw them into a dogfight. Current Prime Minister Boris Johnson attended his final Prime Minister’s questions in Parliament yesterday as he returned to the persona he had when he was first voted into the role. Members of the Conservative Party will now be balloted and the decision on a winner will be announced on September 5th. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.