A note shows No. 10 told UK PM Starmer to wait for clearances before appointing Mandelson, but he ignored the advice, Politico reports

This report suggests internal tensions within the UK's political sphere, particularly concerning the appointment of Peter Mandelson. The adviser’s caution indicates potential governance challenges ahead, which may create uncertainty in the market, especially around UK policy direction. Traders should watch for implications on risk sentiment and the broader political stability in the UK, as these factors can impact GBP and UK assets.