Times Cole reports UK Labour MP West will send a letter to MPs today, but will not state her candidacy. Instead, she will canvas support for a timetable for PM Starmer to stand down and allow a transition.

This development indicates potential instability in UK politics, as MP West's push for a timetable regarding PM Starmer's transition could signal a shift in leadership dynamics. Should this move garner significant support, it may lead to uncertainty in GBP and influence UK market sentiment, particularly impacting equities and fixed income as investors assess the implications for policy direction.