ING: If political uncertainty persists, the pound may decline further

```htmlGolden Ten Data reported on May 18 that Chris Turner, an analyst at ING Group, stated in a report that the pound faces the risk of another decline due to the possibility of prolonged political uncertainty in the United Kingdom. Andy Burnham will participate in a special election in June to seek a parliamentary seat, and there is speculation that he may challenge Prime Minister Starmer's leadership. However, Turner pointed out that Burnham is far from certain to secure victory. Turner mentioned that depending on the election results, a comprehensive leadership election may be held in July and August. "During this period, international investors may wish to avoid exposure to UK assets, and in extreme cases, the pound may be subject to an additional 3-4% risk premium."```