Pound, Gilts Unfazed by UK PM Starmer's Resignation
The pound and UK gilts reacted calmly to Keir Starmer's resignation as prime minister, with analysts noting markets are growing less sensitive to political upheavals. The post also highlights Streeting as a bullish chancellor choice for sterling.
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Keir Starmer's resignation as Britain's prime minister has been met with a remarkably calm response from both the pound and gilts, according to market commentary. This muted reaction may reflect a growing lack of sensitivity among traders to frequent political shocks.
The same source also flags that Streeting is viewed as the most bullish chancellor candidate for the pound, suggesting potential policy implications that could further support sterling.
Source: FXStreet Forex News