GBP/USD falls 0.17% to 1.3210 amid political uncertainty following calls for UK PM Keir Starmer to step down.
The British Pound came under selling pressure early Monday as political uncertainty gripped the UK. GBP/USD declined 0.17% to 1.3210 after Labour Party ministers urged Prime Minister Keir Starmer to resign following rival Andy Burnham’s decisive parliamentary victory.
Starmer is set to announce his plans outside No. 10 Downing Street on Monday, with cabinet ministers confirming a potential leadership transition. The UK has seen six prime ministers in the past decade, adding to market volatility.
The Pound was the weakest major currency against the US Dollar, reflecting investor caution over political instability.