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Labour Party leader Burnham: I have not yet decided on cabinet members.July 17th - Eburys Matthew Ryan stated in a report that the pound may weaken after its recent rebound, driven by optimism surrounding Andy Burnhams potential appointment as Prime Minister following Keir Starmers resignation. "We believe the pounds rebound is somewhat justified, but it increasingly resembles an example of buy the rumor, sell the fact," Ryan said, adding that sluggish UK economic growth and uncertainty surrounding future fiscal policy could lead to a weaker pound.On July 17th, local time, the UKs ruling Labour Party announced at its special conference that Andy Burnham had been elected leader of the Labour Party and would succeed Keir Starmer as Prime Minister after being appointed by King Charles III. According to procedure, Starmer will submit his resignation to King Charles III on July 20th. Burnham will then accept the Kings appointment and officially assume the position of Prime Minister. The 56-year-old Burnham previously served as Mayor of Greater Manchester. Previously, in the Labour Party leadership election, Burnham received the support of a majority of Labour MPs, becoming the sole official candidate.Bank of Montreal: Raises its price target for Alphabet (GOOG.O) from $435 to $455.Kuwaits Ministry of Foreign Affairs stated that Irans attack on the power plant was a violation of sovereignty, and continuing such aggressive behavior would be a serious escalation.