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U.K. Assets Markets Starting To Feel The Heat
2026-05-16 · via All Articles on Seeking Alpha

Summary

  • UK markets were under pressure on Friday as the leadership battle within the ruling Labour Party started to open up.
  • 30-year UK gilt yields have risen to levels last seen in early 1998, and independent sterling weakness is really starting to come through.
  • A long, hot summer for UK politics warns of more to come.
City of London Bank of England overlooked by skyscrapers night

fotoVoyager/E+ via Getty Images

By James Smith | Michiel Tukker | Chris Turner

What’s happening

UK markets were under pressure on Friday as the leadership battle within the ruling Labour Party started to open up.

To recap, this week’s turmoil

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