The British Pound weakened against the US Dollar for the fourth consecutive session on Thursday, as political uncertainty in the UK intensified and investors shifted towards the stronger US currency. Sterling was trading at 1.3337 against the Dollar at the time of writing, pressured by growing concerns surrounding instability within the UK government and fears of a potential fiscal crisis. UK political tensions weigh on Pound Pressure on the Pound increased after the resignation of Health Secretary Wes Streeting on Thursday, adding to concerns over the stability of Prime Minister Keir Starmer’s government. The resignation has further isolated Starmer, who is already facing mounting criticism within the Labour Party following poor results in last week’s local elections. Several Labour lawmakers...
Sterling extends losses as UK cabinet crisis fuels fiscal concerns
