U.K. gilts and bonds faced heavy selling pressure in response to the latest 'Starmer drama', as the prime minister faces down rivals ahead of the King's Speech.

The King's Speech represents Starmer's latest effort to save his premiership after Labour suffered huge losses in local and regional elections last week.

U.K. gilts and bonds faced heavy selling pressure in response to the latest 'Starmer drama', as the prime minister faces down rivals ahead of the King's Speech.

There were a total of 37 bills announced as part of the speech