Pound sterling remains under pressure amid Brexit uncertainty and prospect of Scottish referendum

The pound continued to hover around an eight-week low against a slew of other currencies on Wednesday morning, pressured by lasting uncertainty over when Theresa May will trigger Article 50, and the prospect of a new Scottish independence referendum.

In early trading, sterling was changing hands at around $1.2156 against the dollar, slightly higher on the day but still lower than at the start of March.

“Despite the fact that the pound is hugely undervalued by historical standards, the uncertainty surrounding the future of the UK means we find little to be bullish about for the pound as we face

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