At the UK Cabinet meeting (c. 09:30BST), PM Starmer will be given the chance to "go gracefully" or face ministerial resignations, Huffington Post's Schofield reports

The UK's political landscape is facing potential turmoil as PM Starmer is reportedly at a crossroads during the Cabinet meeting, with a choice to "go gracefully" or risk ministerial resignations. This scenario introduces uncertainty which could lead to volatility in GBP and related assets, impacting forex markets and potentially increasing demand for safe-haven currencies.