General · 12 May 2026
Pound falls as 80 lawmakers call for PM to step down
Borrowing costs and currency markets in Britain came under pressure as investors worried about political instability. Sterling dropped against the dollar and euro on Tuesday while traders watched growing doubts over Keir Starmer’s future after Labour’s local election losses. The pound fell 0.45% to $1.3550, and a growing number of lawmakers had publicly called for the prime minister to step down.
Reported by Reuters · How we write briefs