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

Gold Pulls Back as Dollar Strengthens Amid Cautious Fed Outlook

Gold retreated on Friday after a strong rally earlier in the week, slipping from recent …