Bond yields soar and pound falls against dollar as investors brace for potential Labour leadership change
Bond yields soar and pound falls against dollar as investors brace for potential Labour leadership change
Business live – latest updates
UK politics live – latest updates
Long-term UK borrowing costs have soared to the highest level in nearly three decades while the pound and stocks fell as investors braced for a potential change of leadership, with cabinet ministers urging Keir Starmer to quit.
Starmer was consulting colleagues before a cabinet meeting on Tuesday morning after ministerial aides quit and more than 70 MPs publicly called for him to go.
Continue reading...Source: Guardian - World News
