The Guardian reported that UK PM Keir Starmer is set to confirm his resignation on Monday, planning for an autumn departure. This announcement has led to growing political uncertainty within the United Kingdom. Consequently, the British pound has come under pressure in financial markets following the news of the Prime Minister's resignation.
The GBP/USD pair fell as UK Prime Minister Keir Starmer announced his resignation, sparking political instability while Andy Burnham emerges as a top successor.
Read the full storyThe British pound faces intense selling pressure as the sudden exit of Keir Starmer triggers uncertainty over future UK fiscal policy.
The Guardian reports PM Keir Starmer will confirm his resignation this Monday, aiming to provide a definitive leadership transition timetable amid pressure on UK financial assets.