UK Chief Secretary to the PM, Jones, indicates that PM Starmer could be about to announce a timetable for his resignation, according to Times' Swinford. Jones says "I'm not going to get ahead of the PM's decision"
The comments from Chief Secretary Jones suggest potential political instability in the UK if PM Starmer is indeed about to announce his resignation.
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UK Chief Secretary to the PM, Jones, indicates that PM Starmer could be about to announce a timetable for his resignation, according to Times' Swinford. Jones says "I'm not going to get ahead of the PM's decision"
[CALENDAR ADDITION] UK Chancellor Reeves at 11:00BST, speaking at a Global Risk Summit
[MARKET ANALYSIS] Gilts look to today's UK Cabinet Meeting to see if anyone makes a move against PM Starmer
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- Note, Jones' commentary was echoed in a subsequent interview on Sky News.
This could drive volatility in GBP and UK assets, as uncertainty typically weighs on currency and equity markets. Traders should watch for market reactions, particularly in GBP/USD and UK gilts, as these developments unfold.
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