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UK Labour MP West will move ahead with her stalking horse challenge against PM Starmer, ITV's Peston reports

The report of MP West moving forward with her challenge against PM Starmer introduces political uncertainty in the UK, which could weigh on GBP in the short term.

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Times Cole reports UK Labour MP West will send a letter to MPs today, but will not state her candidacy. Instead, she will canvas support for a timetable for PM Starmer to stand down and allow a transition.

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UK Labour MP West will move ahead with her stalking horse challenge against PM Starmer, ITV's Peston reports

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This situation might impact risk sentiment not only in European markets but also in other currencies like the USD and JPY as traders reassess their positions related to UK political stability. Keep an eye on GBP/USD and related asset classes for potential volatility as the scenario unfolds.

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