The result of Peru's presidential election hangs in the balance. With over 90% of votes counted, leftist candidate Pedro Castillo and right-wing rival Keiko Fujimori are separated by less than a single percentage point. The final outcome may take days.
UK trade officials are watching closely. Peru is a key partner in the Pacific Alliance. British exports to Peru have doubled in five years.
A Castillo win would rattle markets. His plans to rewrite the constitution and nationalise key industries spook investors. Fujimori, a polarising figure with her own corruption baggage, offers continuity.
But a contested result could trigger street protests. The UK has a fragile foothold in the region. Brexit trade deals rely on Andean stability.
Downing Street will be hoping for a swift, clean outcome. It may not get one.
