Jump to content

Boris Johnson Resigns as Prime Minister, What Next?


Recommended Posts

Jul 7, 2022 | DailyFX
Justin McQueen, Strategist

BORIS JOHNSON, GBP/USD, ANALYSIS AND NEWS

  • Boris Johnson Resigns, Will Serve Until New Leader is in Place
  • Timeline of Leadership Contest to be Announced Next Week
  • UK Assets See Muted Response as Macro Outlook Remains Key

Boris Johnson resigns: What happens next and who will take over? | The  Independent

Boris Johnson confirms that he will step down as Prime Minister following a wave of resignations within his party. Noting that he will serve as a caretaker PMI until a new leader is in place.

Thus far, much like how financial markets responded to Theresa May's resignation in 2019, aside from short-term noisy price action, market moves have been muted in UK assets, given that Boris Johnson's resignation does little to alter the overarching bleak macroeconomic backdrop that the UK currently faces.

British Pound Latest – UK PM Boris Johnson is Set to Resign, GBP Unfazed

WHAT NEXT?

Boris Johnson stated that the next steps for finding a new leader will be announced next week. Using 2019 as a guide, the leadership contest had been a six-week affair.

2019 TORY LEADERSHIP CONTEST TIMELINE

13th June: First votes of the leadership contest will take place. For candidates to proceed to the next round they will need to receive at least 16 votes. If all candidates meet the 16-vote threshold, the MPs with the least votes will be removed.

16th June: Channel 4 will host the first televised debate among the Tory candidates.

18th June: The second vote will take place where the threshold for progressing rises to 32 votes. The candidates will also be invited to a live debate on the BBC.

19-20th June: Up to four more rounds of voting will be held over the 2-days until there are just two remaining candidates left.

22nd June: The beginning of voting among the 160,000 Conservative members to decide who is the winner.

22nd July: The date at which the next PM is expected to be announced.

Most likely Next Conservative Leader, according to UK bookmakers

BREAKING: Boris Johnson Resigns as Prime Minister, What Next?

Source: SMARKETS

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,179
    • Total Posts
      90,703
    • Total Members
      41,289
    • Most Online
      7,522
      10/06/21 11:53

    Newest Member
    Ethan
    Joined 29/01/23 18:45
  • Posts

    • Does anybody know the BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) equivalent with a GBP currency hedge? I want the interest yield but I don't want the currency risk.
    • Capital, win loss ratio. If you have a trading edge and you can consistently win 50% of your trades, so your winning 5 trades out of 10. So if your risking 1% of your capital per trade, out of your 10 trades 5 would be losers, so that’s 5% loss and realistically out of the 5 winning trades, some would make small profits, some break even and 1, 2 or 3 could run nicely IF you can let your profits run, basically your making money out of 2 trades out of the 10 trades (80/20 Rule Pareto principle) So a $20,000 acct risking 1% is $200 per trade, this will keep the trader with his trade risk based on being able to win 50% of his trades. A long term trend trader can win with 30% wining trade. Basically you need to know your numbers. Rgds Pete
    • Investing in stocks can be a great way to grow your wealth over time. However, there are different approaches that investors can take when choosing which stocks to buy. Two of the most popular approaches are growth investing and value investing. Growth Investing Growth investing is an investment strategy that focuses on buying stocks of companies that are expected to grow at a faster rate than the overall market. These companies are often in industries that are growing quickly, such as technology or healthcare. Investors who use this approach believe that these companies will be able to generate higher profits in the future, which will lead to higher stock prices. One of the main advantages of growth investing is that it can potentially provide higher returns than the overall market. However, it is also riskier than other investment strategies, as these companies often have higher valuations and more volatile stock prices. Value Investing Value investing is an investment strategy that focuses on buying stocks of companies that are undervalued by the market. These companies may be in industries that are out of favour or have recently experienced challenges, but they have strong fundamentals and a history of profitability. Investors who use this approach believe that these companies are undervalued and that their true value will be recognized in the future, leading to higher stock prices. One of the main advantages of value investing is that it can potentially provide lower risk than growth investing. However, it may also provide lower returns in the long run, as these companies may not have the same growth potential as companies in the growth investing category. Comparing Growth and Value Investing Growth and value investing are two different approaches to stock investing, each with its own advantages and disadvantages. Growth investing can potentially provide higher returns but is riskier, while value investing can provide lower risk but potentially lower returns. An investor may choose one approach or a combination of both. A portfolio that contains a mix of growth and value stocks can provide a balance of potential returns and risk. Conclusion Both growth investing and value investing can be effective ways to invest in stocks. The key is to understand the potential risks and rewards of each approach and to choose the one that aligns with your investment goals and risk tolerance. Analyst Peter Mathers TradingLounge™ 
×
×
  • Create New...