"Senior Labour figures are very nervous about the market reaction this morning, hence some in the Cabinet pushing the PM to go in a way that doesn't destabilise the party", Eurasia journalist Rahman posts
The concerns among senior Labour figures about market reactions could indicate rising political uncertainty in the UK, possibly impacting investor sentiment.
IRGC Navy official Akbarzadeh says Iran has significantly expanded its definition of the Strait of Hormuz strategic zone to include the coasts of Jask and Siri beyond the main islands, Al Mayadeen reports
Allies of UK Greater Manchester Mayor Burnham state that a timetable of a new Labour leader/PM by end-September would provide Burnham with enough time to return to the House of Commons, Sky's Rigby reports
"Senior Labour figures are very nervous about the market reaction this morning, hence some in the Cabinet pushing the PM to go in a way that doesn't destabilise the party", Eurasia journalist Rahman posts
IRGC Navy deputy says in a recent case, Iranian forces fired warning shots after an American frigate showed “provocative behaviour” in the Strait of Hormuz, prompting it to change course, Fars reports
European Commission President von der Leyen says Brussels is taking action against TikTok’s “addictive design,” with similar concerns applying to Meta (META) platforms Instagram and Facebook
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If the PM's approach is perceived as too destabilizing, it may affect the stability of UK assets, particularly gilts and equities. Traders should monitor how this sentiment unfolds since it may influence market volatility and risk appetite in the short term.
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