The Pound Sterling Falls To a 10 Month Low

The pound sterling has fallen to its lowest level in ten months amid uncertainty about Scotland’s future within the UK.

Sterling

The currency fell 1.3% against the US dollar yesterday to US$1.61. It also fell 1% against the euro.

It has also fallen against the Jamaican dollar moving down from J$197.67 to one pound on July 22 to J$182.27 when the foreign exchange market closed yesterday evening.

The weakening came after a poll suggested supporters of an independent Scotland had taken a narrow lead in the referendum debate for the first time.

Shares in Scottish-based firms suffered sharp falls on the stock market.

Start the discussion ...