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[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] The next prime minister of the U.K. will be announced Monday following a grueling, and at times bitter , leadership contest within the ruling Conservative Party. The announcement is expected at 12:30 p.m. London time and will be delivered by Graham Brady, the chair of the 1922 Committee, which is a group of Conservative Members of Parliament who aren't government ministers . Subscribe to CNBC on YouTube.   Source: https://companiesbio.com/watch-live-uk-s-next-prime-minister-due-to-be-announced-CBIO303.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: Financial News Post by: CompaniesBIO.Com

A banners of Deutsche Bank is pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016. Reuters Following the news that Liz Truss will become Britain's new prime minister, Deutsche Bank says policy announcements in the coming weeks will be crucial if the U.K. is to avoid extreme macroeconomic events, particularly a balance of payments crisis. Truss won the race to succeed Boris Johnson as leader of the ruling Conservative Party on Monday, following a drawn-out contest against former Finance Minister Rishi Sunak. Truss got 81,326 votes from Conservative Party members, while Sunak got 60,399. Sterling was fractionally higher against the dollar on Monday afternoon, trading just below $1.15, but Deutsche Bank FX Strategist Shreyas Gopal warned that the risks of a "sterling crisis" should not be underestimated. "With the current account deficit already at record levels, sterling requires large capital in...

Former Finance Minister Rishi Sunak or current Foreign Secretary Liz Truss will be announced as the U.K's new prime minister later Monday. Dan Kitwood / Staff / Stringer / Getty Images LONDON — The next prime minister of the U.K. will be announced Monday following a grueling, and at times bitter, leadership contest within the ruling Conservative Party. The announcement is expected at 12:30 p.m. London time and will be delivered by Graham Brady, the chair of the 1922 Committee, which is a group of Conservative Members of Parliament who aren't government ministers. The leadership election was triggered when current Prime Minister Boris Johnson announced he would be resigning on July 7. It came after a wave of ministers and backbenchers resigned, with many voicing a lack of confidence in their party leader. Johnson has stayed on as caretaker PM while the party decided between the candidates. He has not yet formally resigned from office, as he must first attend an audience with Qu...