UK Health Secretary Wes Streeting has told allies that he is preparing to resign and trigger a leadership contest as soon as Thursday, The Times reports
Newsquawk Staff ·
- An ally of Streeting's says “He is going to go for it. He’s going tomorrow.” another source says they expect a move "before the end of the week".
What it means
Wes Streeting's potential resignation as UK Health Secretary could spark a significant shift in political stability, impacting GBP sentiment. Traders may want to monitor how this leadership contest affects market expectations around fiscal and health policy, with potential repercussions for currencies and risk assets as the situation unfolds.
Sources
- Ukrainian President Zelensky says trilateral meeting at minimum is necessary, according to Fox News; Important that Ukraine to be in any meeting and would also be better with Europeans; any deal would require a referendum
- Russia's Kremlin says they will look at the US' proposal, but it is largely dependent on Ukraine. Adds, conversation between Russian President Putin and US President Trump will be both long and serious
- [MARKET ANALYSIS] DXY holds steady; AUD benefits after hawkish commentary from RBA's Hauser, whilst GBP digests UK CPI
- Notable FX Option Expiries for todays NY cut: 21st October 2026
- Newsquawk Daily European Opening News - 21st October 2026
Related headlines
- Russian President Putin has invited US Envoy Witkoff for discussions on the prospect of a meeting between Putin and US President Trump in China, Ifx3 hours ago
- [MARKET ANALYSIS] Crude benchmarks edge higher amidst the uncertain geopolitical environment; spot gold is flat3 hours ago
- Russian President Putin says that they could supply fertilizers in large quantities to the American market, Tass reports3 hours ago
- Russian President Putin has began a meeting with US Envoy Witkoff, TASS reports4 hours ago
- Russian Deputy PM Novak says they could see a full restoration of diesel volumes by end-2026, Ifx/Tass. Could have a commercial deal with China regarding Power of Baikal by end-20264 hours ago
- Russian strikes targeted energy facilities in Kyiv, Volyn, Odesa and Mykolaiv regions5 hours ago
- EUROPEAN OPEN: SPCX up after results, TSLA merger talks; SMCI surges on raised outlook; ADS GY beat and raise; DB1 GY beat and raise; CA FP cuts outlook on weak French demand; Belgium pressure to sell BNP FP stake; EQT SS advances on QIA GY 6 hours ago
- Russia's Presidential Aide Ushakov says talks between Russian President Putin and Special Envoy Witkoff will be on Wednesday; said to be early on in the day; adds that Envoy Dmitriev also attending, TASS reports6 hours ago
- US President Trump posts that he is watching data centres closely7 hours ago
- US President Trump posts "the U.K. has started drilling in the North Sea, one of the greatest and most prosperous areas of OIL in the World. They should go FULL BLAST!"58 min ago
- US President Trump posts "Numerous people, who requested that sanctions be immediately imposed on Russia, have called to apologize... they didn’t know that he was negotiating the release of Stephen Hubbard"2 hours ago
- US President Trump's administration is reportedly to evaluate whether additional loans from the heating oil reserve should occur, sources reports; Energy Department to loan as much as one third of the 1mln barrel northeast heating oil reserve3 hours ago
- [Rolling headline]: Nvidia (NVDA) CEO delivering a keynote speech and has announced a raft of partnerships1 hour ago
- Nvidia (NVDA) CEO says the Co. has invested almost USD 10bln across Europe over the past year and announced investments in 14 European startups in the past week4 hours ago
- [MARKET ANALYSIS] CAC outperforms as EssilorLuxottica's revenue beat outweighs Carrefour's guidance cut; NQ supported by positive SPCX/SCMI updates4 hours ago