Pound Leads Rally Against Dollar on Fixing Demand, Scottish Poll
- Dollar slips as traders seek four dot plots from Fed guidance
- YouGov poll shows 57% Scottish voters want to remain in U.K.
Credit Suisse's Heng Sees Pound Diverging From Euro
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The pound led a rally against the dollar in early European trading, retracing the loss from Tuesday, as fixing-related demand triggered stop-loss orders.
Sterling advanced as much as 0.9 percent to $1.2256, after falling by the same amount yesterday, with a YouGov poll for The Times showing that 57 percent of Scottish voters want to remain inside the U.K. compared to 43 percent who seek independence. The dollar fell against major peers as traders wait to see if the Federal Reserve would signal four rate rises this year, from the three flagged earlier.