To put this in context, from May in the Herald, a report from Deutsche Bank: Global exchange giant Deutsche Bank: indyref Yes would be negative for sterling When it comes to the impact on the financial markets, we suspect that the period of uncertainty during the negotiation phase that a Yes vote would generate would be negative for both gilts and sterling. It added: Political uncertainty during the negotiation period is likely to be negative for the currency, with the scale of this depending on what monetary policy option Scotland eventually plumps for. A sterling currency union may prove the least negative, as it leaves the size of the economy covered by sterling the same and a formal agreement could help reduce the political risk premium. That was worry about the rest of the United Kingdom, so is it possible that the recent drop in sterling has not only proven that uncertainty causes problems, but that it could be worse than thought? Osborne and Carney (BoE) are cutting short the G20 summit to be around the day after the Referendum in case f a YES vote.- Peter Piper, Ayrshire. heraldscotland/politics/referendum-news/yes-vote-depression-claim.25304809
Posted on: Sat, 13 Sep 2014 05:55:13 +0000
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