10th September 2014
The prospect of Scotland breaking away the UK has hit sterling in money exchange online, as investors seek protection against further weakness in the pound.
Whereas the prospect of an end to the centuries-old union previously seemed slim, polls now indicate that Scottish independence is now a very real possibility, with a 50/50 split between those voting for and against, and some remaining on the fence.
This unpredictability has led to a distinct increase in volatility, the main beneficiary of which has been the dollar, with the US currency reaching a six-year high of 106.39 yen in European trade.
The dollar index itself reached as high as 84.519 at one point - a 14-month peak that was on course to match the highs not seen since July 2010.
Elsewhere, sterling received a boost after Bank of England Governor Mark Carney indicated that interest rates may rise in spring, though the prospect of Scottish independence is expected to continue tempering the improvement.
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