GBP/USD down at 1.6230 on Scotland Worries

Sterling slumped to its lowest in nearly 10 months on Monday amid worries about political uncertainty after an opinion poll showed supporters of Scottish independence from Britain taking the lead for the first time since the referendum campaign began.

It skidded nearly 1 percent to around $1.6165, reaching lows not seen since Nov. 26. It last traded at $1.6212. Against the euro, the pound fell to two-week lows at 80.16 pence per euro.

With less than two weeks to go before the vote, a YouGov survey for the Sunday Times newspaper put the “Yes” to independence campaign at 51 percent against “no” camp at 49 percent.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.