RE: "General Election coming"15 May 2026 09:52
For those name calling dumbass'.....
(Sharecast News) - London stocks slumped in early trade on Friday, along with the pound, while borrowing costs shot higher as investors reacted to the prospect of Andy Burnham's potential return to Westminster.
At 0825 BST, the FTSE 100 was 0.7% lower at 10,303.01, while sterling was down 0.3% against the dollar at 1.3367, having hit a one-month low of 1.3350 after the Mayor of Greater Manchester - who is considered more likely to favour a looser fiscal stance - announced plans to stand as the Labour party's candidate in a by-election in Makerfield.
At the same time, the yield on the 10-year gilt rose by 12 basis points to 5.108% and the yield on the 30-year gilt was up 12bps, at 5.769%.