UK PM Starmer to Announce Exit Plan on Monday, Source Says

UK Prime Minister Keir Starmer is reassessing his political future after rival Andy Burnham's decisive parliamentary election victory prompted widespread calls for change, according to a source with knowledge of the matter cited by Reuters.

Starmer is expected to announce his exit plan on Monday, the report said. The development follows additional ministerial departures from the governing party, though further details remain unconfirmed.

The political shake-up could introduce near-term uncertainty for UK assets, including the pound, as markets monitor the transition.