OctaFX | OctaFX Forex Broker
Open trading account
Back

Scotland will vote No to independence - J.P. Morgan

FXStreet (Łódź) - The J.P. Morgan team of analysts point out that the immediate fate of the sterling depends entirely on the result of the Scottish independence referendum on September 18.

Key quotes

"Our central scenario is that Scotland will vote No to independence."

"We believe a Yes vote could cause GBP to drop 6-7% (over a few weeks)."

"A No vote could trigger a bounce of 3-4%."

GBP/USD had to ignore inflation data on no surprises

GBP/USD slid to 5-day low at 1.6160 just before the CPI release, and hardly moving post data.
Read more Previous

Gold situation complex

Independent Analyst Vladimir Mihaylov points to out that gold has dropped to 1225 after breaking the support at 1254.
Read more Next
Start livechat