Deutsche Bank analysts point out that for the UK economy, politics continued to consume a lot of attention as the final two candidates for the Conservative party leadership contest are now set; it will be Boris Johnson versus Jeremy Hunt.
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“The bookmakers certainly favour Johnson (per the Telegraph), with current odds implying that he is a 90% favourite to win the vote amongst the 160,000 Tory party members. The winner will be announced on 22 July, leaving 3 days before Parliament’s planned summer recess, which is set for 25 Jul-3 Sep. That will leave a three day window for either Johnson to announce a general election or possibly for the opposition to table a no confidence motion.”
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