Tuesday, February 10, 2026 at 11:35 AM
Sterling remains weaker as U.K. government bond yields decline amid ongoing political concerns, particularly regarding Prime Minister Keir Starmer's appointment of Peter Mandelson, despite support from his cabinet.
Pressure has built on U.K. Prime Minister Keir Starmer over his appointment of former British ambassador to Washington Peter Mandelson.
The rise in yields reflects worries that a successor to Starmer would be tempted to spend more heavily on public services, pushing government debt higher.
Eurozone government bond yields edged lower in early trade, awaiting fresh drivers with the data calendar thin and U.S markets closed.
Morgan McSweeney has stepped down over his role in the appointment of Peter Mandelson, an old acquaintance of Epstein, as U.K. ambassador to Washington.
