British Pound Jumps after Scotland Rejects Independence
Frankfurt, September 19 (QNA) – The British pound jumped in early trading on Friday after Scotland rejected independence from the United Kingdom in a landmark referendum.
Sterling climbed by almost one percentage point to 1.6525 dollars before settling at around 1.64 dollars, after polls showed Scotland had voted decisively to remain in the 307-year-old union, German Press Agency dpa reported.
“The excitement is over,” said Commerzbank analyst Ulrich Leuchtmann said.
The pound also strengthened against other major currencies, hitting a two-year high of 1.2785 euros. Sterling also traded at a 6-year-high against the Japanese yen.(QNA)