Investing.com - The pound took a beating against the dollar and most other currencies on Monday as a weekend poll found that the support for independence in Scotland now includes the majority.
In U.S. trading on Monday, GBP/USD was down 1.05% at 1.6153 up from a session low of 1.6103 and off a high of 1.6233.
Cable was likely to find support at 1.6070, the low from Nov. 21, 2013, and resistance at 1.6644, the high from Sept. 1.
The pound came under heavy selling pressure after a YouGov/Sunday Times poll found over the weekend that 51% in Scotland favored voting for independence from the U.K. in a referendum set to take place on Sept. 18.
Uncertainty as to what currency a newly independent Scotland would adopt, how much U.K. debt it would assume and what steps London would take to keep its northern neighbor in the fold sent investors avoiding sterling on Monday.
The dollar, meanwhile, took back losses stemming from a weak August jobs data.
On Friday, data revealed the U.S. economy added 142,000 jobs in August, far less than the expected increase of 225,000.
The greenback later recovered, as the August jobs report tends to be subject to hefty revisions.
Elsewhere, sterling was down against the euro, with EUR/GBP up 1.04% at 0.8016, and down against the yen, with GBP/JPY down 0.62% at 170.49.
On Tuesday, the U.K. is to produce data on industrial and manufacturing production and a report on the trade balance. Meanwhile, Bank of England Governor Mark Carney is to speak at an event in Manchester; his comments will be closely watched.