Keir out, Burnham in - what happens to the pound?
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Keir out, Burnham in - what happens to the pound?
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Britain is set for its fifth prime minister in four years following the resignation of Keir Starmer. With Andy Burnham destined to land the top job in Downing Street, we discuss what impact the new leader could have on the pound and gilt markets.
The dollar, meanwhile, has surged higher since the Federal Reserve’s June monetary policy meeting, the first since the appointment for Kevin Warsh as the new FOMC chair. What do our analysts make of the hawkish announcement?
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