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.

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US Treasury Secretary Bessent to meet with Japan's PM Takaichi at 08:00BST/03:00EDT on Tuesday 11th

Iranian and Saudi Foreign Ministers held a phone call on the latest developments related to the current diplomatic processes between Iran and the US with the mediation of Pakistan, IRIB reports

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.

Iran’s oil minister says the oil sector has faced issues since the US blockade, but prepared countermeasures are still being implemented, state TV reports

UK Labour MP West will move ahead with her stalking horse challenge against PM Starmer, ITV's Peston reports

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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.

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