Pound is growing rapidly after the referendum in Scotland

Pound is growing rapidly after the referendum in Scotland

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Pound is growing rapidly after the referendum in Scotland

The British pound showed solid gains on Friday morning, as according to preliminary estimates, the majority of Scots voted against secession.

Sterling rose to $ 1.6526 from $ 1.6400, once disclosed to become the first preliminary results. Then suffered a setback when it became known that in Glasgow, Scotland’s largest city, the majority voted for independence, but soon resumed the pound, when the BBC and Reuters reported that, according to their calculations, the victory still won the “enemies” department. Soon currency slipped to $ 1.6464, ahead of the announcement of the official results of the referendum.

Adam Myers, a strategic specialist Crédit Agricole, predicted the victory of the “enemies” of independence, which will determine the growth of the pound above $ 1.6605, closing on September 1st.

However, Myers believes that the uncertainty in London promises to give Scotland greater autonomy, if a country decides to remain part of the UK, will limit the growth rate.

Voting “against” the Scots do not vote for the status quo will be maintained a certain fraction of uncertainty, limiting growth of the pound, “- says Myers.

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