Pound slumps as 'yes' campaign takes lead in Scotland
September 8 , 2014
As the ‘yes’ campaign in Scotland takes the lead in polls, the pound slumped to a ten-month low, according to media reports.
With 10 days to go before the historic Scottish referendum, UK government leaders in London are likely to offer greater powers to Scotland in the coming days if it votes ‘no’.
The sterling lost nearly 1.5 cents against the American dollar, settling at $1.618, its lowest level since last November. Shares of companies such as the Royal Bank of Scotland, SSE, and Standard Life were down too as the possibility of an independent Scotland started to become more realistic.