Keir Starmer faces calls to resign after Labour’s local election losses

The post British Pound: Political risk premium builds against Euro – ING appeared on BitcoinEthereumNews.com. ING’s Francesco Pesole highlights rising political uncertainty in the United Kingdom (UK) as calls grow for Prime Minister Keir Starmer’s resignation, with betting markets seeing a high chance he leaves office this year. He notes emerging political risk premium in EUR/GBP and warns sterling could face further pressure as markets assess leadership contenders and fiscal-rule credibility. Sterling pressured by UK political turmoil “The pound started coming under pressure yesterday afternoon (after a strong session) as calls for Starmer’s resignation intensified. For the first time in a long time, some political risk premium seems to be emerging in EUR/GBP.” “That is, however, still small according to our model, around 0.3% short-term overvaluation.” “The pound has plenty of additional room to build a negative premium, with markets likely to shift their focus to which candidate hol

The post UK minister resigns, calls for Starmer to quit amid party turmoil appeared on BitcoinEthereumNews.com. ## Market Snapshot The “Starmer out by June 30, 2026?” market is currently priced at 68.5% for a YES outcome, up from 32% just 24 hours ago. The “Starmer out by December 31, 2026?” market has also increased to 85.5% YES from 66% in the same period. ## Key Takeaways – The resignation of Communities Minister Miatta Fahnbulleh suggests heightened instability within the Starmer government. – Market pricing indicates participants view Starmer’s potential resignation by June 30, 2026, as increasingly likely. – Recent election losses and internal party pressure appear to be consistent with scenarios where Starmer could step down. ## Article Body Miatta Fahnbulleh, the UK Communities Minister, has resigned from the government led by Prime Minister Keir Starmer, calling for his resignation. This development follows recent local election setbacks for the Labour Party and ongoing intern

Labour's internal crisis risks destabilizing UK politics, impacting fiscal policy and international commitments amid leadership uncertainty. The post UK Labour turmoil intensifies as MPs call for Starmer’s resignation appeared first on Crypto Briefing.

The post UK PM Starmer says that he is not quitting in a cabinet meeting on Tuesday appeared on BitcoinEthereumNews.com. During a cabinet meeting on Tuesday, British Prime Minister (PM) Keir Starmer said that he was not stepping down. Key quotes The Labour Party has a process for challenging a leader and that has not been triggered. The country expects us to get on with governing. That is what I am doing and what we must do as a Cabinet. The past 48 hours have been destabilising for the government and that has a real economic cost for our country and for families. Market reaction GBP/USD holds its recovery momentum from near the 1.3500 area, with these conciliatory remarks helping the British Pound trim losses. As of writing, the pair is trading around 1.3535, still down 0.30% on the day. Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the US Dollar. USD EUR GBP JP

Reform UK's gains highlight potential shifts in UK political dynamics, challenging Starmer's leadership and Labour's EU strategy. The post Reform UK’s election gains pressure Starmer’s leadership amid EU push appeared first on Crypto Briefing.

The post British Pound drops vs JPY on intervention fears, UK political turmoil appeared on BitcoinEthereumNews.com. The GBP/JPY cross struggles to capitalize on the previous day’s bounce from the 100-day Simple Moving Average (SMA) and attracts heavy intraday selling on Tuesday. Spot prices maintain an offered tone through the early part of the European session and currently trade around the 213.00 mark, down over 0.40% for the day. The Japanese Yen (JPY) strengthens across the board after US Treasury Secretary Scott Bessent confirmed through a post on X that the US and Japan took some actions together against excessive volatility in currency markets. The comments fueled fresh speculations that authorities will step in again to stem further weakness in the JPY, which turns out to be a key factor exerting pressure on the GBP/JPY cross. Meanwhile, the summary of Opinions from the Bank of Japan’s (BoJ) April meeting left the door open for an imminent interest rate hike. This helps offset

The resignation highlights deepening instability within the Labour Party, potentially accelerating leadership changes and impacting future elections. The post UK minister resigns, calls for Starmer to quit amid party turmoil appeared first on Crypto Briefing.

Increased leadership instability in the UK government could lead to significant political shifts and impact Labour Party's future strategies. The post UK Deputy PM Lammy urges Starmer to outline departure timetable appeared first on Crypto Briefing.