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more now on the day ahead in the uk, and we could know as early as this afternoon who the next leader of the conservative party is and therefore our prime minister. as you ve been hearing, borisjohnson has pulled out of the contest, saying the time isn t right and would not lead to much needed party unity. this leaves two contenders former chancellor rishi sunak and the leader of the house of commons, penny mordaunt, with mr sunak currently the front runner. by 2pm this afternoon if penny mordaunt hasn t got 100 backers or more, then rishi sunak is in post. if both candidates are still in play, then mps vote to state their preference. let s take a look at how the markets are trading today during asian time. we have the dollar versus again, i was hoping to show you the pound but the detail is not on that particular screen, when i looked at it months ago the pound was buying just over $1 13 cents, fairly steady versus the dollar and up slightly versus euro. joining me n ....
The pound but the detail is not on that particular screen, when i looked at it months ago the pound was buying just over $1 13 cents, fairly steady versus the dollar and up slightly versus euro. joining me now is jane foley, head of fx strategy, rabobank. will be no by the end of the day who our prime ministers? if we do know by the end of the day that will be a relief to the markets, it is rishi sunak thatis the markets, it is rishi sunak that is a relief to the markets, there is some uncertainty about that we don t know how many votes penny mordaunt has got, the contest is still there, it does seem rishi sunak has quite a significant chance of moving ahead as the premiership which is something deemed as a positive outcome as far as stirling and gilt is concerned. in terms of his economic ....