Sterling climbs despite second Scottish independence vote plans

A second independence vote could take place as early as autumn 2018 - but the news did not surprise markets.

The British pound rose on Monday despite an announcement from Scotland's First Minister outlining plans to hold a second independence referendum in light of Brexit.

Sterling climbed over 0.6% versus the euro to 1.147, and rose more than 0.5% against the US dollar to 1.222.