Govt sources suggesting only a handful of rebels will vote with the Conservatives this evening to refer UK PM Starmer to the Privileges Committee. Around 20 could abstain, they added, via iPaper reporter Donaldson

This headline indicates potential instability within the UK Parliament, as a lack of support for PM Starmer's referral to the Privileges Committee suggests a divided political landscape. The possibility of around 20 abstaining votes may weaken the government's position and introduce uncertainty, potentially impacting sentiment towards UK assets. This could also open doors for market volatility, particularly in GBP and equities tied to UK political stability.