Markets Expected Starmer’s Resignation as UK PM: Amundi

Amundi Investment Institute Head Monica Defend discusses the market reaction to Keir Starmer’s announcement that he will step down as British prime minister. Speaking on Bloomberg Television, she says “this was largely expected,” which justifies the “containment in volatility.” Defend adds there is still value on the yield and that “the real story is one of fiscal discipline.” (Source: Bloomberg)