General · 11 May 2026
Pound Slips As Pressure Grows On Starmer
Financial markets showed fresh concern after uncertainty around Keir Starmer’s leadership pushed sterling slightly lower against the dollar and euro. Reuters reported the pound fell about 0.2% on Monday as Labour MPs increased pressure on the prime minister following heavy local election losses. Analysts said fears over a possible replacement and higher public spending added to investor worries, while Starmer insisted he plans to stay in office.
Reported by Reuters · How we write briefs