Investing.com - The pound fell to its weakest level in 10 months against the dollar on Monday after a weekend opinion poll indicated that support for Scottish independence is continuing to gain momentum.
GBP/USD hit 1.6169, the lowest level since November 26 and was last down 0.93% for the day, at 1.6172.
Cable was likely to find support at around 1.61 and resistance at the 1.6225 level.
The drop in the pound came after an opinion poll in The Sunday Times showed that Scottish pro-independence voters were narrowly in the lead for the first time since the referendum campaign began.
Uncertainty over what currency choices an independent Scotland would have available pressured the pound lower, as politicians in Westminster warned that a formal currency union would be impossible.
Elsewhere, EUR/GBP touched two-week highs of 0.8012 and was last trading at 0.7997, up 0.79% for the day.
The dollar remained firmer despite Friday’s disappointing nonfarm payrolls report.
The U.S. economy added 142,000 jobs last month, disappointing expectations for jobs growth of 225,000. The unemployment rate ticked down to 6.1% from 6.2% in July.
The euro was close to 14-month lows against the dollar, with EUR/USD slipping 0.10% to 1.2937, not far from last Thursday’s lows of 1.2919.
The single currency remained under pressure after the European Central Bank cut rates to record lows across the euro zone late last week and announced fresh stimulus measures in an attempt to shore up slowing growth and inflation in the region.