Pound under pressure as Sir Keir Starmer resignation speculation grows

Pound under pressure as Sir Keir Starmer resignation speculation grows

The pound has already lost around 3% since February as Sir Keir’s premiership came under threat.

Starmer resignation raises wealth tax fears as pound falls and gilt pressure builds

The resignation of UK Prime Minister Keir Starmer has triggered the pound to fall and gilt yields to climb as financial markets’ concerns about an Andy Burnham leadership grow, warns Nigel Green, CEO of deVere Group. The warning comes as investors assess the implications of Starmer’s decision to step down after a turbulent period for the government and growing speculation over who will lead Labour into the next phase of its administration. He sa…

Pound under pressure as Starmer exit speculation rattles markets

The pound weakened on Monday as investors assessed mounting speculation that British Prime Minister Keir Starmer could soon set out a timetable for his departure, opening the door for Andy Burnham to emerge as the country’s next leader.Sterling was down 0.2% at $1.321.The currency has now lost around 3% since pressure on Starmer began to intensify in February.The latest move in the pound came as political uncertainty in Britain added to existing…