June 22, 2026 4:27 PM
Britain’s pound weighed down, Starmer resignation clouds fiscal outlook
Sterling slipped and UK borrowing costs edged up on Monday, after Prime Minister Keir Starmer said he would resign and a new leader to be in place by September, leaving investors with no clarity on how Britain's next leader might run the economy. Starmer, who has been in the job less than two years after his Labour party won a landslide election victory, said nominations for anyone to replace him would open on July 9. His rival Andy Burnham is the clear frontrunner. Sterling GBP=, which has lo...
