Cable, Gilts Under Pressure As UK PM Starmer On The Brink As Rebellion Spreads
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UK Prime Minister Sir Keir Starmer faces mounting pressure as six Cabinet Ministers privately call for his resignation, with 84 MPs publicly demanding his departure. Despite this, Starmer insists on his leadership, emphasizing the need for governance. The political turmoil has negatively impacted the pound and gilts, with yields on 10-year notes rising above 5.10%. Critics within the Labour Party express concerns over fiscal spending, while Starmer's recent appointments and actions have drawn scrutiny, reflecting broader discontent among voters.
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