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.

LONDON: The irony wasn’t lost on anyone. On a day when the British government’s legislative plans were presented by no less than King Charles III himself, Prime Minister Keir…

The prime minister's colleagues could be ready to mutiny, with leadership bids potentially being announced Thursday.