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Sterling slides on Starmer crisis and rate cut bets - REUTERS

FEBRUARY 09, 2026

By Harry Robertson

LONDON, Feb 9 (Reuters) - The pound slumped against the euro and dipped versus the dollar on Monday as traders reacted to the crisis facing Prime Minister Sir Keir Starmer and as expectations of further interest rate cuts weighed on the currency.
Morgan McSweeney, Starmer's chief of staff, quit on Sunday, saying he took responsibility for advising the Prime Minister to choose Peter Mandelson as ambassador to the U.S. despite his known links to Jeffrey Epstein.

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