British Pound Slumps as Andy Burnham’s Revolt Sparks Keir Starmer Leadership Fears

The British pound fell sharply on Friday as speculation grew that Andy Burnham, the mayor of Greater Manchester, could mount a challenge to Prime Minister Keir Starmer’s leadership of the Labour Party. According to Bloomberg Markets, the currency weakened further in morning trading after Burnham escalated a public revolt inside Labour, adding pressure on Starmer at a politically sensitive moment for the government.