It’s official. At approximately 12:05 p.m. BST and after a six-week political race, the front-runner, Boris Johnson, won the Conservative Party contest to be the next Tory leader and succeed Theresa May as British prime minister. With the promise of delivering Brexit by October 31st, “come what may,” Johnson trounced his opponent, U.K. Foreign Secretary Jeremy Hunt, garnering more than 66% of the roughly 160,000 votes.
This newsletter outlines the potential effects of Boris Johnson’s election, including Brexit fears, market reaction, and its impact on the U.K. government and economy.
The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.
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