UK government whips believe Wes Streeting will make his move on Thursday, to avoid clashing with King’s Speech, while Andy Burnham doesn’t have an MP ready to quit, according to Sky News reporter Jon Craig

The news suggests increasing political tensions within the UK Labour Party regarding leadership, as dissatisfaction with Keir Starmer appears to be mounting. This could have implications for market sentiment, especially if a leadership challenge significantly alters the party’s agenda or electoral prospects, impacting GBP and equity markets. Traders should monitor developments closely, as political stability can influence broader economic policies and investor confidence.