Monday, September 8, 2014

Pound falls on fears of Scottish independence

http://www.bbc.com/news/business-29103445
The currency fell 1% against the dollar in early trading to $1.6159, and also fell almost 1% against the euro to 1.2480 euros. It came after a YouGov poll suggested supporters of an independent Scotland had taken a narrow lead in the referendum debate for the first time. Just a week ago sterling was trading at $1.66 against the US dollar.Shares in Scottish-based firms dominated the top fallers on the stock market. Edinburgh-based Standard Life fell 3%, Royal Bank of Scotland slipped 2.4% and Lloyds Banking Group, which owns Bank of Scotland and Scottish Widows, dropped 2.7%. Perth-based energy supplier SSE, Glasgow pumps specialist Weir Group and fund manager Aberdeen Asset Management also all fell between 1.5% and 1.9%.
INC News, 08/09/2014

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