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Pound heads for worst week in 18 months as Burnham lines up Labour bid

Makerfield. “The pound is weakening this morning after a sharp drop on Thursday, when [Andy Burnham](https://www.theguardian.com/politics/andyburnham) threw his hat into the ring,” said Kathleen Brooks, the research director at XTB. “This

UK borrowing costs rise and pound falls as leadership drama continues

resignation did not have the same negative effect on the pound," she said. Over the past week 10-year yields have surpassed levels last reached in 2008 three times, including the new high reached

‘Why are we even doing this?’ The week that left Britain’s PM looking like an interim leader

Makerfield, a constituency on the edge of Wigan where Reform UK is bullish about its chances and where the Greens are also [likely to campaign hard](https://www.theguardian.com/politics/2026/may/15/greens-properly-contest-byelection-makerfield-burnham). Those around the prime minister insist

Which Labour MPs have come out against Starmer?

resignation, there is currently no unified support for one specific opponent. Meanwhile separately, 100 backbenchers and junior ministers have signed a statement saying this is "no time for a leadership contest". - Jess Phillips, safeguarding minister

Andy Burnham: 'King of the North' with eyes on the top job

Josh Simons' Makerfield constituency. But he will still need to be selected as a candidate by the local party and then win a by-election in a seat where Reform UK came second