Wednesday, September 10, 2014

Pound Sterling falls to 10 month low

The pound has fallen to its lowest level in 10 months amid uncertainty about Scotland’s future within the UK. 
The currency fell 1.3% against the US dollar yesterday to US$1.61.
It also fell one percent 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 Monday 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.


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Pound Sterling falls to 10 month low