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Keir Starmer resigns as PM, and Andy Burnham confirms he will run to replace him.
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Keir Starmer's exit puts Andy Burnham, gilts, sterling and the next UK chancellor in focus for investors.
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British Prime Minister Keir Starmer announced his resignation on Monday. And, the U.S. and Iran have agreed to a "roadmap" to reach a final deal within 60 days.
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The party's crushing losses in local elections had triggered a mutiny against Starmer. Andy Burnham, the mayor of Greater Manchester, emerged as a heavy favorite to be the next PM.
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Prime Minister Keir Starmer stepped down as leader of the governing Labour Party. Andy Burnham, the party's most popular politician, said he would seek the prime minister's job and secured the support of a potential rival.
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