Pound dips as political crisis engulfs Britain

LONDON, May 14 (Reuters) - ​The ⁠pound dropped ​on Thursday, as a political crisis ​in the ‌UK escalated with the resignation ⁠of health minister ⁠Wes Streeting ​turning up the heat on Prime Minister Keir Starmer.

Starmer is ​under ‌pressure to resign over hefty losses for the ruling Labour party in ​last week's local elections.

Sterling ‌fell as much as 0.2% to $1.3502, having traded ‌around $1.351 prior to the news.

The pound fell to 86.68 pence ​per euro, from 86.66 earlier.

Britain's 10-year ‌UK gilt yield was down 4.3 basis points on the ⁠day ⁠at 5.026%, from ‌around 5.05% earlier in the day, ​while ​London's blue-chip FTSE ‌stock index was last up 0.38%.