Pound slides as poll shows Scots now in favour of independence

The pound has sunk to a 10-month low as the prospect of Scottish independence becomes more likely.

According to the latest poll by YouGov for the Sunday Times, 51% of people said they would vote Yes to Scottish independence, against the No camp’s 49%.

This is a dramatic turnaround from the Better Together campaign’s 22-point lead a month ago.

Sterling lost nearly a cent and a half on the US dollar this morning, reaching $1.618, the lowest level since November 2013.

Shares in companies with large Scottish interests fell in early trading too. The Royal Bank of Scotland fell by more than 3% on the FTSE 100 this morning, while energy company SSE, one of the big six, fell 2.5%.

Michael Hewson of CMC Markets, told the Guardian this could be just the beginning of currency uncertainty.

“One thing is certain, if we get this sort of volatility on the prospect of a yes vote, can you imagine the reaction if we do get a yes vote? It’s not likely to be pretty,” he said.

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