Former UK Foreign Ministry Official Olly Robbins says the Cabinet Office suggested Peter Mandelson not be vetted at all; Foreign Office overruled it

This development highlights potential friction within the UK government regarding the vetting process for key political figures, which could impact policy coherence and market sentiment. The suggestion to not vet Mandelson at all raises questions on governance and could create uncertainty in political decision-making, potentially affecting the GBP as investors gauge the implications for UK-EU relations and broader geopolitical stability. The market may be watching closely for any repercussions in terms of financial policies or trading dynamics moving forward.