Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

New UK Prime Minister imminent as Brexit woes continue

The Conservative leadership contest finally draws to a close with Boris Johnson or Jeremy Hunt set to succeed Theresa May, but neither candidate offers a solution to break the Brexit deadlock.

Boris Johnson Source: Bloomberg

The Tory leadership contest nears its end on Monday, with voting set to close later, with the UK’s next prime minister to be announced on Tuesday.

Boris Johnson – the frontrunner – and Jeremy Hunt are the last two candidates hoping to succeed Theresa May, with the winner set to enter Downing Street on Wednesday.

Conservative ministers threaten to resign if Boris Johnson enters Downing St

Several senior Tory MPs, including Foreign Office minister Sir Alan Duncan have vowed to resign in protest if Johnson becomes the next prime minister.

Chancellor Phillip Hammond told the BBC on Sunday that he also plans to resign from his cabinet position if Johnson succeeds May on Tuesday, with Justice Secretary David Gauke echoing similar sentiments last week.

The senior Conservative ministers have made it clear during the leadership race that they cannot support Britain bailing out of the EU in a no-deal scenario on October 31, with Johnson making that prospect increasingly likely if he enters Downing Street on Wednesday.

Boris Johnson: Britain will leave the EU with or without a deal

Writing in the Daily Telegraph, Johnson said that a no-deal Brexit could be avoided before the October 31 deadline, so long as Britain ‘rediscovers its sense of mission’.

However, despite his optimism, Johnson is yet to provide any clarity as to how such a deal will be reached with the EU, nor how he plans to produce a withdrawal agreement capable of breaking the Brexit deadlock in the House of Commons.

Regardless, Johnson has remained adamant that the UK will leave the EU with or without a deal on October 31.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Trading around Brexit

Find out how the UK’s exit from the EU continues to affect traders, and discover:

  • The unique opportunities in a ‘hard’ and ‘soft’ Brexit
  • The markets you should be watching
  • Everything that’s happened so far

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.