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.

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European Movers: Intertek (ITRK LN) +4.2%, Bayer (BAYN GY) +1.4%, LVMH (MC FP) -0.3%, Vodafone (VOD LN) -2.7%, Siemens Energy (ENR GY) -3.2%, Munich Re (MUV2 GY) -3.4%

Indian Oil Minister says LPG production has increased

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

Iranian Parliamentary spokesperson says "One of Iran's options in the event of another attack could be 90 percent enrichment. We will review it in the parliament."

Swiss Producer & Import Prices YoY (Apr) Y/Y -2.0% (Prev. -2.7%)

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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.

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