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Market Mayhem Boosts Fortunes of UK’s Would-Be Prime Minister

Labour leader Keir Starmer and his supporters are feeling buoyed by the turmoil in Britain. But an election is still a long way off. 

Keir Starmer delivers his keynote speech in Liverpool.
Keir Starmer delivers his keynote speech in Liverpool.Photographer: Anthony Devlin/Bloomberg

As the pound tumbled in the currency market, the political fortunes of one man were heading the other way.

Labour leader Keir Starmer was in Liverpool, northwest England, for the party’s annual conference, and there was a shift in the mood as investors continued to deliver their judgment on UK Prime Minister Liz Truss’s plan for the economy. After failing to win an election since 2005, the stars may be aligning to see the biggest opposition party on the path to power.