[MARKET ANALYSIS] Modest pressure in GBP & Gilts in the minutes since UK PM Starmer's speech/Q&A; in short, the speech didn't change the overall narrative, however we await the assessment of Labour MPs

The modest pressure in GBP and Gilts indicates that Prime Minister Starmer's speech has not significantly altered market expectations or narratives, suggesting a continuation of the status quo in UK policy. Traders are likely weighing the potential reactions of Labour MPs, as their assessments could influence sentiment and the bond markets as the political landscape evolves.