What the Labour Party’s big election win means for UK economy

#uk #ukelection2024 #economy #yahoofinance

Keir Starmer led the Labour Party to a landslide victory in Britain’s July 4th election. Initially, British equity markets (^FCHI, ^FTSE, ^SBF120) were seeing slight gains on this news, but now, at the time of posting this video, they appear to be pulling back on their excitement. The Morning Brief welcomes Yahoo Finance Senior Reporter Akiko Fujita to talk about the British pound’s reaction to these headlines and Goldman Sachs’ current outlook on Britain’s economic growth as Starmer shifts into his new leadership role as UK prime minister. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

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