UK Cabinet Minister said Chancellor Reeves is looking to decouple from PM Starmer, Mail on Sunday's Hodges reports citing a cabinet source

The report suggesting that Chancellor Reeves is aiming to distance herself from PM Starmer indicates potential political rifts within the UK government. This could create uncertainty in UK markets, impacting the GBP negatively if perceived as weakening government cohesion. Traders should keep an eye on how this may influence monetary policy expectations and overall market sentiment toward UK assets.