UK markets fall as Labour leadership fight widens (opens in new tab)

British government bond prices, sterling and stocks fell on Friday as investors reacted to uncertainty over Prime Minister Keir Starmer’s leadership and the prospect that Greater Manchester Mayor Andy Burnham could seek to replace him. The 30-year gilt yield rose 16 basis points to 5.821%, a level described as a 28-year high, while 10-year gilts rose 16 basis points to 5.155%; sterling traded around $1.332-$1.334 after falling about 2.2% for the week, putting it on course for its worst weekly...