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GBP/USD Surges Above 1.65 on Scotland Poll

Sterling rose to a two-week high against the U.S.dollar and two-year peak against the euro on Friday, taking comfort from a poll showing support for Scotland to remain in the United Kingdom.

That came just after a referendum vote closed, helping push the pound more than a half U.S. cent to $1.6461, its highest since Sept. 4. The YouGov survey showed support for Scottish independence amounted to 46 percent of the electorate with 54 percent wanting to stay in the United Kingdom.

“The YouGov survey seems to have a fairly big sample size so I suspect it will be not that off the official result,” said a trader at a Japanese bank.  The British currency last stood at $1.6435, up 0.2 percent from late U.S. trade and extending its bounce from a 10-month low of $1.6052 hit on Sept. 10.

CNBC [1]

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