Allies of UK Health Secretary Streeting believe his leadership announcement could be pre-empted by PM Starmer announcing a timetable for his departure, possibly today, ITV's Peston; adds, less-partisan sources say "in the end game"
The speculation surrounding the potential leadership change within the UK government could create volatility in GBP/USD and UK equities.
OPEC+ will reportedly persist with symbolic monthly output hikes; OPEC+ reportedly plans to complete its series of quota hikes, according to delegates cited by Bloomberg
US Treasury Secretary Bessent on China says the Board of Investment will discuss nonstrategic, nonsensitive areas where the Chinese could invest; pushes back against USD 1tln number
Allies of UK Health Secretary Streeting believe his leadership announcement could be pre-empted by PM Starmer announcing a timetable for his departure, possibly today, ITV's Peston; adds, less-partisan sources say "in the end game"
Pakistani Foreign Ministry spokesperson, on US-Iran not coming to an agreement says, "we are not discouraged", "we remain positively engaged"
Lebanon is reportedly looking to push Israel to a ceasefire at talks in the US, Reuters reports citing sources
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- Peston also notes: "Downing Street is saying the ball is in Streeting’s court and there is no chance of the PM announcing a departure timetable today. And that if Streeting wants a leadership contest, he will have to trigger it."
If PM Starmer's timetable for departure affects market sentiment towards stability in governance, it may lead to heightened risk aversion or shifts in trader positioning, particularly in GBP and related assets.
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