At least four cabinet ministers, including those close to both UK Health Sec Streeting and Manchester Mayor Burnham, deny reports that they will go to PM Starmer today to tell him to go, reports Bloomberg's Wickham

At least four cabinet ministers, including those close to both UK Health Sec Streeting and Manchester Mayor Burnham, deny reports that they will go to PM Starmer today to tell him to go, reports Bloomberg's Wickham.

The denial from key cabinet ministers regarding potential instability in the UK government is a positive signal for political stability, which could support the GBP in the near term. Market participants may read this as a loss of momentum for opposition pressures, meaning less volatility for GBP/USD and potential support for UK equities. However, keep an eye on broader geopolitical developments, as they can quickly shift sentiment.