UK PM Starmer says he is not going to walk away, will not be setting out a timetable for standing down.

Context

UK PM Starmer's insistence on not setting a timetable for stepping down reinforces political stability in the UK for the immediate future. This can act as a support factor for GBP against USD in forex markets, alongside reduced election uncertainty impacting investor sentiment. Additionally, it may affect gilts and equities by fostering a more favorable outlook amid less political risk.

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