Starmer's resignation affected the British pound, while Deutsche Bank revised forecasts based on Fed policy and Lagarde addressed inflation.

The entities involved

• Keir Starmer →

  Prime Minister of the United Kingdom since 2024

  • Peter Mandelson has been appointed UK ambassador to the US, amid revelations of his past links to Jeffrey Epstein and pressure on Keir Starmer from cabinet members.Mon 17:37
  • Burnham has succeeded Starmer as Labour leader and PM, appointing Pat McFadden to run the DWP and John Healey to oversee policy implementation, including PIP threshold changes.Mon 17:27
• FED →

  business

  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
  • Iran closed the Strait of Hormuz, halting petroleum liquids movement and raising inflation concerns, which Donald Trump views as a potential solution.Mon 16:16
• Christine Lagarde →

  President of the European Central Bank

  • ECB has established swap line arrangements with central banks, with the ECB President leading central bank operations.Mon 17:35
  • Scott Bessent's actions are influencing US bond market stability, while German bond yields react to ECB policy led by Christine Lagarde.Sat 06:21

Related events

• Keir Starmer resigned as Prime Minister due to pressure from Parliament.Jun 22