Streeting ready to launch leadership challenge against Starmer, The Telegraph reports; he has recruited enough MPs to trigger a contest, with supporters calling for him to strike after local elections next week
The news that Streeting is preparing to challenge Starmer for leadership indicates potential instability within the Labour Party.
Newsquawk US Market Wrap: Stocks gain and oil drops as Iran sends latest peace proposal
TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE 1+ TICK HIGHER AT 110-20+
Streeting ready to launch leadership challenge against Starmer, The Telegraph reports; he has recruited enough MPs to trigger a contest, with supporters calling for him to strike after local elections next week
US FX WRAP: Dollar helped by Trump tariff threats and dissatisfaction of latest Iran proposal
Atlanta Fed GDPnow (Q2): 3.5% (prev. 3.7%)
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This could affect market sentiment as investors might price in political uncertainty ahead of local elections, influencing sectors dependent on government policy. Keep an eye on how this develops, as it may shift focus toward government policies impacting economic recovery and related sectors.
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