Persistent low approval for the UK government, reflected in net ratings near -49% and Keir Starmer’s favorability around -44 to -46, stems from Labour’s heavy losses in the May local and devolved elections and Reform UK’s rising support in voting-intention polls. Traders see limited scope for immediate reversal given ongoing concerns over the economy and immigration, yet the weekly resolution window allows for potential stabilization if no further negative catalysts emerge or if minor policy or economic updates provide temporary relief. The near-even odds capture this balance between entrenched dissatisfaction and the possibility of short-term polling fluctuations.