UK: Amidst political chaos trade deficit narrows - BBH

Research Team at BBH, suggests that the next UK Prime Minister will be the first woman since Margaret Thatcher as the two top vote-getters amongst Tory parliamentarians were Theresa May and Andrea Leadsom. 

Key Quotes

“Tory party members nationwide will now choose between these two, and the winner will be declared on September 9.

Elsewhere, the UK reported May trade.  The overall deficit was smaller than expected at –GBP2.3 bln, while the April deficit was revised down to –GBP1.95 bln.  The Q1 current account deficit was a larger than expected –GBP32.6 bln, and so markets will be watching the external accounts carefully as another source of potential sterling weakness.”