United Kingdom government spokesman: Scotland should not hold new independence referendum

When asked whether she would allow a second referendum, May told reporters: “We had the independence referendum in 2014”.

The SNP leader laid into Tory backbencher Maurice Golden at First Minster’s Questions after he lambasted her for wasting taxpayers’ cash on promoting independence.

Sterling is down 0.35% against the dollar at $1.2422 having earlier fallen as low as $1.2392.

At the time of writing, the Pound US Dollar (GBP USD) exchange rate was trending in the region of 1.24 and the US Dollar Pound (USD GBP) exchange rate was trending in the region of 0.80.

Sturgeon’s pro-EU Scottish National Party says May’s drive for a “hard Brexit” against the will of most Scots had put independence back on the agenda.

Berich said the pound overall looks “quite well supported” around $1.24, and that in a broader sense, political risk has lost some of its ability to weaken sterling.

She has promised to trigger Article 50 by April and expects to be able to stick to the timetable, despite ongoing parliamentary wrangling over the process.

“The last thing we need now is to pit different parts of our country or sections of our society against each other – or to further fuel division or seek separation”, wrote the London Mayor.

“If there was another Scottish referendum, the Pound would weaken for the same reasons plus there would also be those created by Brexit”, Viraj Patel of the London branch of ING Bank NV said.

‘The ECB will likely point to the January lending data as providing ongoing evidence that its monetary policy is providing valuable support to Eurozone growth and should not be changed any time soon … Even though there are only about 200,000 British businesses that now trade with the European Union – just 4 percent of the total 5,400,000 for the entire United Kingdom – 100 percent must comply with the EU’s regulations – over which neither United Kingdom leaders nor any European Union member state have power over. Instead, the Scottish government published a compromise position, Scotland’s Place in Europe, which proposed a way for Scotland to remain in the single market.

Scotland’s First Minister will today tell the Prime Minister that her “sheer intransigence” over Brexit is the reason a second independence referendum could be called so soon. This would be a huge blow for the Eurozone and the euro and therefore strengthen the pound.