A not-so-sterling Tory candidate

MARKET VOICE

Will Rugg looks at the race for the Conservative Party leadership and the implications for UK euro entry

The prospect that all major UK political parties will be led by europhiles became much more real with the surprise first place showing of former Chancellor and euro-enthusiast Kenneth Clarke in the penultimate round of the Tory leadership vote last Tuesday. Fans of sterling could be forgiven for thinking this was an ominous day.

However, on closer inspection, the chances sterling will be

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