Andy Burnham is 'biggest risk to the pound' as Labour hopeful hit with brutal verdict

Andy Burnham is 'biggest risk to the pound' as Labour hopeful hit with brutal verdictAndy Burnham's name is suddenly being whispered like a match near petrol. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By David Williamson, Chief Political Commentator 17:38, Wed, Jun 3, 2026 Updated: 17:40, Wed, Jun 3, 2026 Could the arrival of Andy Burnham in Downing Street trigger a run on the pound? (Image: Anadolu via Getty Images)Andy Burnham replacing Sir Keir Starmer would be the “biggest risk to sterling” and Government bonds, according to a hard-hitting analysis. Financial services firm Ebury has sounded the alarm about the threat to the pound from the “Labour leadership crisis”. window.scriptsToLoad.push({url:'https://live.primis.tech/live/liveView.php?s=118222&vp_content=plembed3a6btjknzwqh&cbuster=%%CACHEBUSTER%%&playerApiId=v118222',triggeredBy:'tcfLoaded',delay:1500,containerId:'ovp-primis',title:"Primis player",beforeLoad:()=>{window.top.addEventListener('primisPlayerInit',e=>{try{if(e.detail&&e.detail.playerApiId==="v118222"){if(window.document.getElementsByClassName('jwplayer')[0]){e.detail.float('disable')}}}catch(e){}})},}) The warning comes ahead of the June 18 election in Makerfield, which could be a springboard for Mr Burnham re-entering Parliament and launching a leadership bid. The analysis says a Burnham victory would “represent the most significant leftward shift”. Ebury classed the Mayor of Greater Manchester as a “high” market risk and said there is a 60% chance of him taking over. Article continues below ADVERTISEMENT Get the latest politics news - straight from our team in Westminster and more Subscribe Invalid emailWe use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy PolicyThe a...