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UK in dire straits after finance minister’s tears rattle markets
All eyes are now on the U.K.’s ruling Labour Party for any sign of further political fractures that could rattle Britain’s economic stability, after the extraordinary sight of the country’s finance minister crying in parliament on Wednesday. U.K. bond yields spiked and the pound sank against the dollar and euro as Prime Minister Keir Starmer failed to back Chancellor Rachel Reeves during a question and answer session in the House of Commons. Tears fell down Reeves’ face, while Starmer appeared unaware of her distress behind him. U.K. bond yields spiked and the pound sank against the dollar and euro as tears ... (full story)
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- Jul 3, 2025 2:40am Posted byFundamental Analysis4,756
