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UK MP West says, ahead of PM Starmer's speech “If it’s an amazing speech, then I will think twice about asking the Parliamentary Labour Party for their support.”, Telegraph's Diver

The statement from UK MP West, implying potential shifts in support based on PM Starmer’s upcoming speech, introduces uncertainty in the UK's political landscape.

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Israeli PM Netanyahu is holding security consultations following Iran’s response to the US proposal

US officials cited by Iran International says Iran's response to the US proposal has blocked the path to a diplomatic solution with Tehran; "The next steps by Trump after receiving Iran's negative response are still unclear"

UK MP West says, ahead of PM Starmer's speech “If it’s an amazing speech, then I will think twice about asking the Parliamentary Labour Party for their support.”, Telegraph's Diver

BoE's Greene says it is worth waiting a little while to see what happens with the Middle Eastern war and how it will propagate through the economy, speaking to Bloomberg's Odd Lots podcast

A member of Iran’s parliament said that ships should not be allowed to pass through the Strait of Hormuz without Iran’s permission, ISNA reported

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This could affect GBP volatility, especially if Starmer's speech changes perceptions on Labour's policy direction ahead of key economic decisions. Traders may want to watch GBP/USD reactions closely as the speech unfolds, as well as sentiment in gilts and UK equities.

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