Pound Sterling moving after announcement resigning Theresa May.

Pound Sterling is moving since the announcement that prime minister May will resign. Shortly after the announcement the currency went up, but in the meantime the Pound stabilized. Since the beginning of May the Pound is in a downward spiral. On the 3^rd of May the value of the Pound was still around 1.18 Euro. Recently this is around 1.12 Euro. Brexit is the reason for May to resign. After 2 years of negotiating and three votes in the House of Commons she did not succeed in getting a majority of the British politicians behind her Brexit agreement.