(Typo in headline)

• EUR/GBP response to the political noise has been surprisingly muted

• Spot nearing 0.87 but given where 30yr UK yields sit, door is open to 0.8750

• Confirmed Starmer resignation would likely lead to another leg lower in GBP

• But attention will quickly shift to who replaces Starmer - matters more in medium term

• Streeting seen as more market-friendly than Burnham, latter adds risk to gilts/GBP

• Support in the cross stands at 0.8600-15. Resistance at 0.8750
EURGBP vs 30yr


ustin McQueen is a Reuters market analyst. (The views expressed are his own) ((Email: ))