Post #2222259
2026-05-08 12:25 UTC
"Pound and UK bonds stronger after Starmer pledges to stay on as PM
Government bonds rallied after Keir Starmer vowed to stay on despite heavy losses for Labour in the local elections, the Press Association reports."
- from the Guardian Politics live.
I'm always amazed at the lemmings -like behaviour of the City.
Replies (1)
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@OneInterestingFact@mastodon.ie 2026-05-08 13:28
@marjolica@social.linux.pizza The bonds and currency was marked down in the expectation that Labour would do badly AND starmer would quit (= instability). Now that he's made it clear he's not quitting the price can rise for the weekend and fall off a cliff on Monday when the markets reopen after he's reconsidered. If they had any sense prices would rise after he quits but that's too long term for the spivs. #markets #ukpol