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. 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.