FCA's Bailey remains frontrunner for BoE job despite testing few months

Odds have widened to 2/1

The chief executive of the Financial Conduct Authority Andrew Bailey continues to be the bookmakers' favourite to take over from Mark Carney as Bank of England Governor, despite recent scandals that may have harmed his chances.

Bailey, who took over from Martin Wheatley as FCA CEO on 1 July 2016 to steer the UK through the Brexit process, having been appointed by former Chancellor George Osborne, is a current 2/1 shot with Betway to secure the job. But a pair of recent scandals, including the still-running Neil Woodford saga as well as the collapse of London Capital & Finance, have seen his odds widen. In April, he was as shot as 1/2 to take over, according to comparison website Oddschecker. The suspension of the LF Woodford Equity Income fund, run by the UK's highest-profile stockpicker, has served to shine...