Currencies: British pound falls as worries over Scotland emerge again

The British pound fell sharply on Monday, pressured as fresh selling kicked in over the prospect for another independence referendum for Scotland, which recalled the currency decimating “Brexit” vote from mid-2016.

The U.S. dollar was flat on the day as the buck’s move against the pound was offset by a rise in the euro. Investors were also looking ahead to President Donald Trump’s upcoming address to Congress.

Sterling’s weakness came after the Times of London reported that U.K. Prime Minister Theresa May was preparing for the Scottish government to call a second independence referendum after an earlier one failed to pass.

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