Home / Market Update / UK: Rishi Sunak to become next UK PM after winning leaderchip contest

UK: Rishi Sunak to become next UK PM after winning leaderchip contest

Sir Graham Brady, chair of the 1922 Committee, announced on Monday that Rishi Sunak is elected as leader of the Conservative Party and new prime minister following Penny Mordaunt’s decision to drop out of the contest.

Sunak will reportedly deliver a private speech to Tory MPs at 1430 GMT.

Check Also

Silver Slides Despite Strong Yearly Gains as NFP Data and Geopolitical Risks Shake Markets

Silver prices came under renewed pressure on Friday, retreating sharply after the latest U.S. labor …