Pound Falls on Fears Over Scotland Future

Pound Falls on Fears over Scotland Future.

The pound has fallen to its lowest level over concerns about the future of Scotland with the UK. The news came as a YouGov poll suggested supporters for Scottish independence has a slight lead over those who are against.

The pound fell 1% against the dollar to $1.6159, compared with the euro it fell to 1.2480 almost 1%. Companies on the stock market that took the biggest hit were all based in Scotland. Standard Life fell 3%, Royal Bank of Scotland fell 2.4% and Lloyds Banking Group which owns the Bank of Scotland and Scottish Widows fell 2.7%.

Voters will be asked on Thursday 18^th September the question on whether they are for or against Scotland becoming independent.

At the present time, there is still uncertainty about the currency an independent Scotland would use, as politicians in Westminster have said that a formal currency union would not be possible.