GBP-
It only seems to get worse for Prime Minister Keir Starmer, who suffered another blow over the weekend as chief of staff Morgan McSweeny left his post owing to his close relationship with Peter Mandelson.
The only saving grace for the Prime Minister now is that his party opponents do not seem ready to launch leadership bids, possibly wanting to wait until after the May local elections before charging in.
It is well expected that the Labour party is hurtling towards what will likely be one of their worst local elections in history and so dealing with that defeat is a poor way to start a new premiership. More likely is that following the drubbing in May, then there will be a vote of no-confidence in the PM by the party, triggering a leadership election.
All of this reads dreadfully for the Pound, with Starmer and Chancellor Reeves being much preferred to the available alternatives, owing to their more Orthodox fiscal stances.
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