The pound remained stable against major currencies as Andy Burnham prepares to succeed Keir Starmer as the UK Prime Minister, with markets awaiting his choice for chancellor.

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Who

Andy Burnham, Keir Starmer, Shabana Mahmood

What

When

Mon, 20 Jul 2026 06:59:54 GMT · 18h 19m ago

Where

UK ·

Why

Market stability is supported by expectations that Shabana Mahmood may be appointed finance minister, and investors are focused on key economic data releases.

The Frontline Impact

How this affects you

The UK currency's stability suggests a degree of market confidence in the upcoming political transition, though investor focus remains on the new administration's fiscal appointments and economic data.

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