UK Cabinet Minister McFadden says no one directly challenged PM Starmer during the cabinet meeting; Kendall says Starmer has her "full support"; Kyle says Starmer provides "steadfast leadership"
Newsquawk Staff ·
UK Cabinet Minister McFadden says no one directly challenged PM Starmer during the cabinet meeting; Kendall says Starmer has her "full support"; Kyle says Starmer provides "steadfast leadership"
What it means
The statements from Cabinet Minister McFadden suggest a stable political environment for Prime Minister Starmer, which could bolster investor confidence in UK governance. With support from colleagues like Kendall and Kyle, it implies a cohesive leadership that may influence market sentiment positively. In terms of currency and fixed income, this stability may strengthen the GBP against the USD, particularly in the current geopolitical landscape, reflecting broader confidence in the UK's leadership.
- US Ambassador to Turkey Tom Barrack says US could strike Iran as soon as this weekend, AFP reports citing an interview on Israeli radio
- Newsquawk Weekly Economic Release 26th - 30th October 2026
- Newsquawk European Market Wrap - 23rd October 2026
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call
- [MARKET ANALYSIS] DXY is a touch firmer, Kiwi gains whilst the JPY digests further BoJ source reports
Related headlines
- US President Trump says they are "very close" to a deal with Mexico. Canada is working hard to make a deal.3 hours ago
- US President Trump says "we could end the Iran war very quickly", adds "do we want to finish it or let it within is the question"3 hours ago
- The Trump administration plans to introduce voluntary “US Caught Seafood” labels to help consumers identify seafood origins, according to CBS1 hour ago
- Japan is considering classifying energy and AI spending as defence expenditure amid pressure from the Trump administration to increase military budgets, according to Nikkei2 hours ago
- Russia's Kremlin says Russian and Ukrainian militaries are working to determine dates for ceasefire talks2 hours ago
- US President Trump says he discussed the North Sea with the UK PM. Conversation also include Iran and Ukraine.3 hours ago
- US President Trump is set to speak with UK PM Burnham this afternoon on the Russia-Ukraine situation, BBG reports3 hours ago
- Senior Ukrainian Official says that a ceasefire in Russian-occupied Oleshky is to be established soon3 hours ago
- US EQUITY OPEN: Breadth poor at the open: Energy leads gains on oil rally, Tech sees slight bounce4 hours ago
- White House says First Lady Melania Trump successfully secured a ceasefire between Russia and Ukraine, localised to the city of Oleshky4 hours ago
- Daily US Equity Opening News: SPCX explores access to 80K US cell sites; OpenAI nears USD 30bln funding at $1.25T valuation5 hours ago
- Algeria has instructed producers of urea fertiliser to stop supplying France, according to reports; France has raised Algerian trade curbs at EU level5 hours ago
- [MARKET ANALYSIS] Crude benchmarks edge higher as the geopolitical environment remains tense9 hours ago
- French Trade Minister has requested a tariff exemption covering cognac and champagne within the US9 hours ago
- Week in Focus 26-30th October 2026: FOMC, BoC, RBNZ, ECB, BoJ Policy Decisions, US PCE3 hours ago