Pressure grows on UK PM Starmer to drop EU ‘red lines’, FT reports; Some senior Labour figures want the party to drop promises not to rejoin customs union or single market
Context
The pressure on UK PM Starmer from within his party to reconsider strict commitments regarding EU membership could indicate a shift in Labour's stance on Brexit. Should these red lines be dropped, it might open the door for closer trade relations with the EU, potentially impacting GBP volatility and influencing market sentiment toward UK assets.
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