Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your 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. See full non-independent research disclaimer and quarterly summary.

Trading around Brexit

Find out how Britain’s EU exit continues to affect traders, and discover:

  • How you can trade on Brexit
  • The markets you should be watching
  • Brexit trading strategies for key assets

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities
website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

" >


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

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 spread betting and CFDs.

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