By Paul O’Connor
Paul O'Connor, Head of the UK-based Multi-Asset Team, discusses confirmation of Boris Johnson's appointment as UK prime minister and the highly uncertain outlook for Brexit that he - and his divided government - must navigate, and the likely market response.
As widely expected, Boris Johnson has become the new leader of the UK Conservative Party and is set to become prime minister ((PM)). He inherits a divided government without a parliamentary majority, an economy on the brink of recession and a country polarized by the toxic topic of Brexit. While attention in