Sterling remains broadly stable as investors react to confirmation from UK Labour leader Keir Starmer that he will stand down. Trading is described as steady rather than sharply directional, with the London market closing higher. The FTSE 100 ends the session up 74.58 points, or about 0.7%, at 10,437.85. The available reporting emphasizes that the pound’s performance is holding firm following Starmer’s announcement, suggesting markets are processing the political update without a major immediate move. Other detailed aspects of policy, timing of the leadership change, or specific market drivers are not included in the provided excerpts. Overall, the information points to a relatively calm market reaction: equities finish higher, and the pound does not show a sustained deterioration. The cited sources focus on the confirmation that Starmer will step down and on near-term market levels at the close, rather than broader economic forecasts or additional policy signals.