Scotland’s ‘No’ vote pushes sterling to a 2-year high

As 55 per cent of Scotland’s voters rejected independence on Thursday, in their Daily Market Brief, exchange experts Moneycorp report that overnight sterling advanced across the board, peaking at 02.24am on Friday morning when it was nearly 1 per cent higher on average than it had been 24 hours earlier; and 2.5 per cent above its level ahead of the Sunday Times publishing the first ‘too-close-to-call’ opinion poll on 7 September.

Despite having fallen back a little this morning, sterling remained close to a 2-year high against the euro, while against the dollar it was at its healthiest for more than 2 weeks.