UK PM Starmer has decided not to announce a departure timetable unless and until Andy Burnham wins the Makerfield by-election, ITV's Peston reports

UK PM Starmer has decided not to announce a departure timetable unless and until Andy Burnham wins the Makerfield by-election, ITV's Peston reports.

This headline indicates that UK PM Starmer is delaying any announcement regarding his departure until a specific political event occurs, which suggests a careful approach to leadership and timing. The implication here is one of political uncertainty, which could influence market sentiment around UK assets, particularly equities and fixed income. Traders should be aware of potential volatility during this period, as political developments may have knock-on effects on market dynamics.