Gilt yields hold high as election losses hit U.K.'s Starmer

U.K. stocks have dropped and gilt yields hold near multi-decade highs, after U.K. Prime Minister Keir Starmer and his Labour Party see bruising losses in local elections, with Farage’s Reform UK making substantial gains. The U.S. and Iran exchange fire around the Strait of Hormuz, as Washington waits on a response to its proposal to end the war. But President Trump insists the latest incident does not violate the two sides' fragile ceasefire. Meanwhile Commerzbank ups its outlook as it looks to fend off UniCredit but gets a negative reaction in early trade. CEO Bettina Orlopp tells CNBC the German lender is worth more. And IAG warns of a hit to annual profit as the war in Iran sees jet fuel prices soar - shares of the British Airways owner are coming under pressure in early trade. See Privacy Policy at and California Privacy Notice at .

You can listen to Gilt yields hold high as election losses hit U.K.'s Starmer online on Radio and Podcast. Open the player on this page to stream the available audio.

Gilt yields hold high as election losses hit U.K.'s Starmer is an episode from Squawk Box Europe Express by CNBC International.

This episode is 00:26:56 long.

This episode was published on May 8, 2026.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Squawk Box Europe Express when more episodes are available from the podcast feed.