On Wednesday, British Treasury yields jumped sharply, and the pound fell sharply. The day before, the British government was forced to make huge concessions on plans to cut benefits. After British Chancellor of the Exchequer Reeves showed unease in Parliament, the decline in British Treasury yields accelerated. British Prime Minister Stammer declined to confirm whether Reeves would continue as Chancellor of the Exchequer. Pepperstone strategist Michael Brown said, “Given Stamer's previous assertion that Reeves will stay in office until the next election, the market sees this as a clear sign that she won't stay in this position for too long.” “Looks like Reeves is leaving soon, and her successor — whoever she is — will relax fiscal rules drastically.” Although Stammer's press secretary said that Reeves has yet to propose his resignation, the speculation has disrupted the UK market.

On Wednesday, British Treasury yields jumped sharply, and the pound fell sharply. The day before, the British government was forced to make huge concessions on plans to cut benefits. After British Chancellor of the Exchequer Reeves showed unease in Parliament, the decline in British Treasury yields accelerated. British Prime Minister Stammer declined to confirm whether Reeves would continue as Chancellor of the Exchequer. Pepperstone strategist Michael Brown said, “Given Stamer's previous assertion that Reeves will stay in office until the next election, the market sees this as a clear sign that she won't stay in this position for too long.” “Looks like Reeves is leaving soon, and her successor — whoever she is — will relax fiscal rules drastically.” Although Stammer's press secretary said that Reeves has yet to propose his resignation, the speculation has disrupted the UK market.