Labour's annual conference could have proved to be a nightmare for the British pound. Instead, the market is taking a 'glass half full' approach to the two-day event.
The British pound and gilts can benefit if Labour breaks its manifesto promise, while Rachel Reeves hits back at Burnham's bond market comments.
UK fiscal risks are likely to be at the forefront of currency market concerns this week.
Burnham Will Burn Pound Sterling
- Category: GBP
Political uncertainty ramps up as a big name in Labour politics is set to challenge Prime Minister Sir Keir Starmer.