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2025-10-31 17:53:58
[Even the Prime Minister's Protection Can't Stop the "Reeves Risk": Pound Just Dropped 0.1%, 10-Year Bond Yield Soared 2.2 Basis Points] ⑴ ING warned that if UK Chancellor of the Exchequer Reeves resigns unexpectedly, the pound and UK bonds will replicate the July flash crash, with volatility increasing dramatically. ⑵ Market Fear Point: Top-level personnel change = loosening of fiscal discipline, coinciding with peak UK bond supply, deficit financing may expand further. ⑶ Real-time Market Data: Pound fell 0.1% against the dollar to 1.3141, euro rose 0.1% against the pound to 0.8802, and the 10-year UK bond yield rose 2.2 basis points to 4.430%. ⑷ The opposition is using the "tenancy license" issue to pressure Prime Minister Starmer, who has publicly supported him, but the rental agents' willingness to take responsibility has not extinguished the selling pressure.
