Friday, September 19, 2014

Great British Pound Rallies as Scotland Stays in UK, but The Positive Market Reaction May be Premature

What a day, Great British Pound rallies as Scotland stays in UK, British currency rises across the board as results show Scotland will remain in the UK, while a new high for Wall Street lifts global sentiment

Scotland's poll update, Boost from Scots 'no' may be shortlived, The positive market reaction may be premature. Democracy has plenty more hurdles for markets in the months and years ahead

Booster is awesome, Over $1bn pulled from UK equity funds, European funds experiened their strongest outflows in more than three years in the week before the Scotland poll

As Scotland's vote, Investors back UK assets in relief rally, Investors had looked to possibility of split derailing intention to lift rates on back of recovery. No vote should see this fear fall away, say analysts

Meanwhile from UBS analysts, Scotland's No vote: analysts react "As the result that does most to end uncertainty over the future direction of fiscal and political stability in the UK, this outcome will be greeted with the most relief by interest rate markets"

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