Currency Note Sterling

Thursdays Scottish Independence vote still in the balance

By Ricky Bean September 16th, 2014

Sterling fell against both the euro and US dollar yesterday, in spite of worse-than-expected data releases from both regions. With markets nervous ahead of Thursday’s referendum on Scottish independence, sterling found itself drifting lower amid fears over the heightened political uncertainty a ‘Yes’ vote could bring. With some analysts stating that sterling could lose more than 10% of its value, investors are, given the uncertainty, cautious in supporting the pound.
Today we could see increased movement in the markets, with inflation data released this morning. Following a disappointing fall to 1.6% last month, another drastic decline could see sterling struggle to fend off further advances from across the board.