Poll results see sterling rally in currency trading

Sterling rebounded from its 10-month low against the dollar on Thursday and also rallied against the Euro following positive poll results in Scotland.

A Survation questionnaire carried out on behalf of the Daily Record newspaper indicated that the majority of voters intend to vote against Scottish independence, which has helped to ease the sustained pressure that sterling has come under in recent days.

The growing tide of support for independence had seen the pound fall to $1.6051 on Wednesday - its lowest level since November 15th - but the new poll appears to have eased these concerns.

It has also seen the Euro ease, after the single currency hit a three-month high on Wednesday, before dipping back below 80 pence.

Despite this, anxious investors are continuing to seek protection against sharp fluctuations in the pound, with the imminent release of further polls likely to see sentiment towards the sterling remain unpredictable.