Latest Scottish Independence Poll is bad news for Sterling

Latest Scottish Independence Poll is bad news for Sterling




Scottish_flag

The latest poll shows Scottish voters a in line to exit the United Kingdom and become their own sovereign state.

Latest figures give the ‘Yes’ side a 52/48% advantage, while others aren’t so close with a 10% don’t know margin.

The significance of this latest poll however, means that Sterling sank more than 1% to its biggest decline in some 13 months, trading at $1.6145 again’st the US Dollar.

A lot of companies with major interests in Scotland also saw their share prices fall on Monday.

Weir Group saw its shares drop by 1.47%, SSE fell 2.25% and defence contractors Babcock and BAE Systems slid 2.35% and 1.12%, respectively.

The Royal Bank of Scotland dropped 1.297%, Lloyds Banking Group was down 2.432% and Standard Life fell 2.425%.

The FTSE 100 closed down 2.033 points – 0.3%.

If Scotland do vote ‘Yes’ and leave the U.K. then the Sterling will play havoc on the market for quite some time.

We’ll know on Septmber 18th.

Share this story

Tell us what you think on our Facebook page