Article #250327

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The Green party’s landmark victory in the Gorton and Denton byelection has not rocked the financial markets.

Sterling is slightly higher against the US dollar, up $0.02 at $1.3505, despite the fresh pressure on Keir Starmer after Labour came third at the polls overnight.

“The headline signals more than just a local political upset, it reinforces the narrative of fragmentation within UK politics at a time when markets are highly sensitive to policy stability. A by-election result that pushes Labour into third place, particularly behind both the Greens and Reform UK, raises questions about the party’s cohesion and broader electoral positioning.

For markets, the issue is not necessarily the immediate seat count, but what it implies about political momentum, leadership authority and future policy direction. If leadership challenges or internal divisions intensify, uncertainty around fiscal plans, regulatory reform and economic strategy could rise.