Pound falls as Prime Minister Starmer resists calls to quit
Sterling fell as Prime Minister Starmer resisted calls to resign. Markets remain cautious amid political uncertainty and the Bank of England rate decision.
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GBP/USD fell 0.2% to $1.351 on Wednesday morning as United Kingdom Prime Minister Keir Starmer resisted growing calls to resign. The decline puts the pound on track for its first weekly loss in six weeks against a stronger United States dollar. Political instability threatens to derail fiscal credibility while the Bank of England (BoE) weighs the economic impact of the war between Israel and Iran.
