Pound dips as Keir Starmer exit rumours continue to grow (opens original article in a new tab)

Sterling fell as speculation grows that UK Prime Minister Keir Starmer may resign, with Andy Burnham emerging as a potential successor, causing market uncertainty. The UK's economic challenges, including high borrowing costs and fiscal policy concerns, are exacerbating investor anxiety.

• Sterling dipped 0.2% against the dollar amid speculation of PM Keir Starmer's potential resignation
• Andy Burnham's parliamentary victory increased uncertainty about UK leadership and fiscal policy
• Investors are hedging against pound volatility and avoiding long-term UK gilts due to financial concerns