UK NEC sources say they are prepared to go to war with UK Greater Manchester mayor Burnham regarding his potential bid to become a Labour MP, Guido reports; stating, "... the NEC will almost certainly block him"
The reported tensions between the UK National Executive Committee (NEC) and Greater Manchester Mayor Andy Burnham reflect internal party conflict that could impact political stability.
Turkey President Erdogan says he is hoping to achieve better results in the fight against inflation this year
NEC Director Hassett says recent inflation data have been very promising; US may get two quarters of growth above 5%
UK NEC sources say they are prepared to go to war with UK Greater Manchester mayor Burnham regarding his potential bid to become a Labour MP, Guido reports; stating, "... the NEC will almost certainly block him"
Turkish Foreign Exchange Reserves (Jan/16) 84.15B (Prev. 79.35B)
Sky's Coates highlights, with reference to UK Labour Mayor Burnham, that there is a high threshold for the mayor to step down with the intention of becoming an MP.
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Such conflicts often lead to uncertainty among investors, especially concerning GBP and local markets. Watch for potential volatility in related assets as this situation unfolds.
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