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TDUX
May 11 - 08:55 AM

GBP/USD - Buffeted By Starmer's 'Stalking Horse'

By Robert Howard  —  May 11 - 07:17 AM

• Cable eased to 1.3586 as pound softened on X post from from ITV's Peston

• Peston says West to "press ahead with her stalking-horse leadership challenge"

• 1.3610 is subsequent high, following BBC report about West's aim

• West wants Starmer to set a timetable for election of new leader in September

• 1.3614 was London morning high, before a speech from UK PM Starmer

• Starmer says he will not walk away and vows to prove doubters wrong

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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