Sterling trades higher in morning dealings after the Prime Minister reveals a plan to step down. According to The Independent, the pound is up about 0.05% to roughly $1.324 against the US dollar. The currency had been moving lower shortly before the prime minister’s remarks, when it was around 0.3% down, but it rebounds after the speech. The available reporting indicates the shift occurs in close proximity to the prime minister’s announcement, with traders reacting to the development. Belfast Telegraph carries the same headline about the pound swinging higher following the prime minister’s statement, but no additional details are provided in the supplied excerpt. Overall, sources agree on the direction of the move—an increase in sterling in response to the step-down plan—and on the basic timing, with the move taking place during morning trading after the prime minister’s speech.