British Pound Jumps after Scotland Rejects Independence
(MENAFN- 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.
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.
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