General · 22 June 2026
Pound Dips Modestly as Starmer Announces Departure
Everyday money markets saw only small changes after political news, with trading staying calm. Keir Starmer announced on Monday that he would resign, while investors watched for the choice of a new finance minister and possible leadership change. Sterling slipped 0.27% to $1.3202, 10-year gilt yields stayed at 4.85%, and Andy Burnham may become Britain's seventh prime minister in a decade.
Reported by Reuters · How we write briefs