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Political turmoil returns to the UK! Investors, worried about a sharp left turn and the return of radical fiscal policies, are accelerating their exit from pound assets.

Political turmoil returns to the UK! Investors, worried about a sharp left turn and the return of radical fiscal policies, are accelerating their exit from pound assets.

Political power transition risks in the UK are pressuring the financial markets. The market’s expectations of an internal Labour Party challenge against current Prime Minister Starmer are rising, with the pound falling to a near one-month low and 10-year gilt yields breaking above 5%. Investors are repricing UK assets,
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Iranian Foreign Minister says negotiations can only resume if the US is sincere; Trump says the US-Iran ceasefire is a favor to the Palestinians and threatens to destroy Iranian facilities.

Iranian Foreign Minister says negotiations can only resume if the US is sincere; Trump says the US-Iran ceasefire is a favor to the Palestinians and threatens to destroy Iranian facilities.

The ceasefire and diplomatic efforts between the US and Iran are facing a severe test. Iranian Foreign Minister Araghchi publicly stated that Iran has "no trust in the US," warning that the US must take matters seriously; otherwise, Iran will not be willing to resume negotiations. US President