British pound falls over uncertainty on Scotland's future

London, Sep 8 (IANS/EFE) The British pound fell Monday to its lowest level in 10 months due to uncertainty over Scotland's future following an opinion survey which shows that a slight majority of Scots favour independence.

On the British currency market, the pound was trading Monday at $1.6156, down 1 percent compared to the end of the previous day, while also slipping 1 percent against the Euro to 1.24 euros.

According to analysts, this decline reflects concerns about Scotland's future in the referendum on independence to be held Sep 18.

Residents in Scotland over 16 years can answer with a "yes" or "no" to the question: Should Scotland be an independent country?

A survey by YouGov published Sunday by the Sunday Times shows those questioned favouring independence leading by a slight margin.

According to the poll, supporters of Scotland splitting from Britain would win with 51 percent against 49 percent of those opposing secession.

These results exclude the impact of those who will not vote and those who are undecided, taking into account the "yes" vote would win with 47 percent and "no" would lose with 45 percent.

According to analysts in London, a vote for independence would mark a chapter of uncertainty over the political and economic affairs in the region and especially the currency.

--IANS/EFE

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