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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%."

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