Wall Street opened lower on Thursday as investors absorbed the end of the longest government shutdown in US history. Meanwhile, the FTSE 100 (^FTSE) slipped while European stocks were mixed as the UK economy slowed in the third quarter of the year.

Trump’s fury towards the BBC is likely to hasten the moment when Turner is beckoned into the White House briefing room, potentially taking the seat assigned to the BBC’s Sarah Smith (unless, of course, GB News is positioned even closer to the front).

Valentin Marinov, head of G10 FX strategy at Credit Agricole CIB, said that any changes in Starmer and Chancellor Rachel Reeves’s political fortunes could shake the “hard-won investors confidence” in the UK’s commitment to fiscal stability, and undermine sterling-denominated assets.