Pound Seen Tumbling Up to 10% on Scottish Yes Vote

September 12, 2014 10:59 AM

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Pound Seen Tumbling Up to 10% on Scottish Yes Vote

The pound, already suffering its worst month in more than a year, has the potential to tumble 10 percent should the Scots vote for independence from the U.K., according to economists surveyed by Bloomberg.

A victory by Scottish First Minister Alex Salmond’s Yes campaign would mean a 5 percent to 10 percent slide versus the dollar within a month, said 61 percent of the 31 respondents polled by Bloomberg Sept. 5-11. Sterling is already down 5.5 percent from a five-year high in July, and touched its lowe...

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