General · 13 May 2026

Pound falls as Starmer faces fresh pressure

Borrowing costs and currency markets stayed unsettled as investors watched political tension in Britain. Sterling slipped 0.2% against the US dollar on Wednesday while Prime Minister Keir Starmer rejected demands to quit and said he’d continue with planned reforms. Traders remain divided over whether the Bank of England will change interest rates at its 18 June meeting.

By BriefTea Editorial · 13 May 2026 at 11:23

Reported by Reuters · How we write briefs

Get the app

More briefs

WorldTurkey, Saudi Arabia and Pakistan to discuss new mutual protection deal on Monday WorldIran's unseen supreme leader urges Gulf countries to fight a shared enemy BusinessIceland supermarket boss tells the Chancellor to cut business taxes for employers GeneralNigel Farage's £5m donor has major stakes in arms industry PoliticsTreasury officials advise John Healey to tax banks and oil companies more HealthCorrecting hearing loss can cut dementia risk by almost half More top stories → Browse all stories →