* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv
LONDON, May 10 (Reuters) - The pound broke above the key
$1.40 level for the first time in more than two months on
Monday, reaching as high as $1.40725 in early London trading,
despite a win for pro-independence parties in Scottish
elections.
Pro-independence parties won a majority in Scotland's
parliament on Saturday, paving the way for a high-stakes
political, legal and constitutional battle with British Prime
Minister Boris Johnson over the future of the United Kingdom.
But the pound strengthened as market participants did not
interpret this as a near-term risk. Analysts said that the move
in cable was due more to dollar weakness, as the greenback
dropped to a two-month low after a disappointing U.S. employment
report.
At 0725 GMT, the pound was up 0.5% against the dollar at
$1.4055.
Versus the euro, sterling's move was less pronounced. The
pound was up 0.6% on the day at 86.415 pence per euro - its
strongest since last Thursday.
(Reporting by Elizabeth Howcroft
Editing by Gareth Jones)