UK Bonds Rally as Starmer Says He’ll Stay as Prime Minister
Keir Starmer meets Labour Party members in Ealing, west London, on May 8.
Photographer: Stefan Rousseau/PA/AP PhotoUK government bonds rallied as Prime Minister Keir Starmer said he would stay as the Labour leader despite the party’s election losses.
Yields on 30-year bonds, which are more sensitive to political and fiscal risks, fell eight basis points to 5.55%. The pound strengthened 0.5% to $1.3616 against a broadly weaker dollar.