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"
- Note, Jones' commentary was echoed in a subsequent interview on Sky News.
Context
The comments from Chief Secretary Jones suggest potential political instability in the UK if PM Starmer is indeed about to announce his resignation. 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.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#USD#JAPAN#UNITED KINGDOM#GBP#EUROPE#GBP/USD#PRIME MINISTER#IMPORTANT#FOREX#FIXED INCOME#EU SESSION#GILTS#FTSE 100 INDEX#DXY#GLOBAL NEWS