UK PM Starmer is, according to a 'very senior minister', going to fight, ITV's Peston reports. The minister adds, “let’s see where we end up”

UK PM Starmer's commitment to fight indicates a more proactive stance in political negotiations or policy decisions, which could have implications for GBP volatility. Market participants will want to gauge how this may influence the political landscape ahead of any upcoming elections or legislative changes, likely affecting both GBP and UK gilts as investor sentiment shifts.