SaxoTV

Scottish independence 'massive wild card' for Sterling

203 views
September 08, 2014 economic growth, economy, forex, forex idea, forex market, forex markets, forex saxo bank, forex trade idea, forex trading, fx, fx markets, fx strategy, fx trading, no, politicians, politics, pound, pound dollar, pound euro, pound sterling, pound strength, pound weak, poundsterling, referendum, saxo bank, saxo tv, scotland, scotland britain, scotland polls, scotland referendum, scotland vote, scottish, scottish referendum, scottish vote, sterling, sterling dollar, sterling euro, sterling exchange rate, sterling forex, sterling risk, sterling strength, sterling strong, sterling trading, sterling trading 2014, trading, tradingfloor, tradingfloor.com, tradingfloorcom, uk, uk economy, united kingdom, yes
If the prospect of Scottish independence hadn't been taken seriously so far, it sure is now. The latest YouGov poll shows that the 'Yes' camp is leading the race by 51% to 49%. Although only a marginal lead, this is a loud wake-up call for both politicians in Westminster and the City of London, ahead of next week's vote.

But speaking to Saxo TV's Lea Jakobiak in the heart of London's financial centre, traders Bill Blain from Mint Partners and Michael Ingram from BGC Partners, explain why such an event would be bad news for both Sterling and the wider UK economy. 

Blain believes Scottish-based businesses could benefit from a 'No' vote if the UK government gives Scotland more tax raising powers. Ingram, meanwhile, says there's only one way to trade sterling - and that's by going short.