The pound weakened, affected by concerns about potential leadership challenges to Prime Minister Stammer.

Due to concerns about the possible challenge to Prime Minister Keir Starmer's leadership, the British pound weakened slightly. According to media reports, Health Secretary Wes Streeting may launch a leadership challenge as early as Thursday. Meanwhile, former Deputy Prime Minister Angela Rayner, seen as another potential challenger to Starmer, has been cleared by the UK tax authorities of any wrongdoing in her tax affairs. Lee Hardman of Mitsubishi UFJ Bank stated in a report, "With increased political uncertainty in the UK, the downside risks for the pound have increased recently." The pound fell 0.1% to $1.3514. The euro rose 0.1% to 0.8664. Tradeweb data shows that British government bond yields continue to decline, with the 10-year yield down 2.1 basis points to 5.047%.