BackUS economy beats forecasts with 115,000 new jobs added in April; pound and UK bonds stronger as Starmer pledges to stay on as PM – business live

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Guardian Business08.05.2026BusinessUnited Kingdom

US economy beats forecasts with 115,000 new jobs added in April; pound and UK bonds stronger as Starmer pledges to stay on as PM – business live

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Rolling coverage of the latest economic and financial newsUK bond prices have now rallied, after Keir Starmer pledged not to resign and analysts suggested Labour was not doing as badly as feared in the council elections.The yield (or interest rate) on benchmark 10-year bonds has dropped by 2.6 basis points (0.026 of a percentage point) to 4.894% this morning.No, I’m not going to walk away and plunge the country into chaos. We were elected to deal with these challenges and that’s what we will do. Continue reading...

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