By Mark Duell for MailOnline
Published: 10:37 BST, 24 May 2019 | Updated: 10:37 BST, 24 May 2019
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The British pound rose slightly against the dollar this morning after Theresa May announced she will step down as Prime Minister next month.
Sterling went up to $1.2697 shortly after her announcement at Downing Street in London, but soon fell back to $1.2666, which was its level at the previous close.
Traders are concerned the next PM will want a tougher Brexit deal from the European Union after Mrs May spent two years trying to push through her plans.
The pound is shown against the dollar over the past 24 hours. It can be seen rising against the dollar after Theresa May's announcement this morning at about 10am
Britain's main stock index the FTSE 100 also
