Pound hit by report Scotland will demand new independence vote

by Dramelin 6:00 AM 0 comments

ING said expect more "noise" about the Scottish referendum during the weekly Prime Minister`s Question Time on Wednesday at midday U.
K.
time.
The pound slid by 0.
7 percent against the dollar early in the session and was also 0.
5 percent lower against the euro.
In a research note titled "GBP: Guess what`s back, back again?" the research team at ING wrote Monday that the Brexit related risks and the reaction from Scotland, were putting the pound on the back foot.
The currency move came after a Times of London newspaper report wrote that, "Theresa May reportedly fears the Scottish government will call another independence referendum around the same time she triggers the formal Brexit process under Article 50 next month.
"The paper offered that Prime Minister May could "reject the request and trigger a constitutional crisis or accept it and potentially imperil the future of the United Kingdom".