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7 Sep 2014
Scottish independence 'yes' takes narrow poll lead
FXStreet (Bali) - Supporters of Scottish independence, for the first time since the referendum campaign began, took a narrow lead on the new polls published on Sunday, according to a YouGov survey for the Sunday Times newspaper.
Reuters notes: "With less than two weeks to go before the Sept. 18 vote, the poll puts the "Yes" to independence campaign on 51 percent, with the unionists on 49 percent, overturning a 22-point lead for the unionist campaign in just a month, the Sunday Times said. The YouGov survey... shows that the nationalists have taken a two-point lead and are poised to triumph in the referendum..."
UK Chancellor George Osborne, talking to the BBC on Sunday, only reinforced the GBP bearish momentum, by saying that sharing the currency after independence would be equivalent to a couple divorcing but retaining the same bank account. "No ifs, no buts. We will not share the pound if Scotland separates from the rest of the UK."
Some sources in the market argue that the current narrow lead is still within the margin of error, however, the market is taking no chances, finding the current results too troublesome to continue holding Pounds with confidence, and as a result, a major dumping of the Britush currency has been seen in early Asia, as market participants price in the anticipation of a Scottish independence victory.
Reuters notes: "With less than two weeks to go before the Sept. 18 vote, the poll puts the "Yes" to independence campaign on 51 percent, with the unionists on 49 percent, overturning a 22-point lead for the unionist campaign in just a month, the Sunday Times said. The YouGov survey... shows that the nationalists have taken a two-point lead and are poised to triumph in the referendum..."
UK Chancellor George Osborne, talking to the BBC on Sunday, only reinforced the GBP bearish momentum, by saying that sharing the currency after independence would be equivalent to a couple divorcing but retaining the same bank account. "No ifs, no buts. We will not share the pound if Scotland separates from the rest of the UK."
Some sources in the market argue that the current narrow lead is still within the margin of error, however, the market is taking no chances, finding the current results too troublesome to continue holding Pounds with confidence, and as a result, a major dumping of the Britush currency has been seen in early Asia, as market participants price in the anticipation of a Scottish independence victory.