After a long Conservative Party leadership contest, former Foreign Minister Boris Johnson is the new leader and will officially become the next prime minister of the United Kingdom.
The vote came after Theresa May announced she would resign following repeated parliamentary rejections of her Brexit deal.
The party leadership race has been focused on how politicians would deal with Brexit. The new departure date for Brexit is Oct. 31.
Johnson is well known for his outspoken and often controversial views and is pro-Brexit. Johnson has also stressed the UK must leave the EU by the deadline and has been quoted saying, “do or die, come what may.”
The iShares MSCI United Kingdom Index EWU was down 0.03% on Tuesday morning, while the Vanguard FTSE Europe ETF VGK was higher by 0.22%.
Related Links:
It's Hunt Vs. Johnson In British Leadership Race
As Brexit Woes Continue, Trading Sterling Is Painful
Department of State photo via Wikimedia.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
.jpg){kind=link}