Pound wobbles and bonds suffer as Starmer battles on

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• The Middle East truce is on the brink of collapse

  60% confidence

• JPMorgan's base case now assumes the UK banking surcharge will increase from 3% to 5%, following banks narrowly avoiding a higher tax rate at the last budget

  60% confidence

• The country expects the government to continue governing and the Cabinet must do so

  60% confidence

• The Labour Party's formal leadership challenge process has not been triggered, and no challenger has yet stepped forward

  60% confidence

• Washington-Tehran relations are more strained than at any time since the original ceasefire, and hostilities could resume at any time

  60% confidence

Cited in these Via News reports

• G7 Ministers Convene as US and UK Bond Yields Hit Decade-Highs, Threatening Global Markets →
• Global Bond Selloff Pushes 30-Year Treasury Yields Toward Two-Decade Highs →
• UK Gilt Yields Hit 5.10% as JPMorgan Forecasts 3–5% Banking Surcharge →