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'Yes' vote in Scottish referendum would bring uncertainty - Przemysław Kwiecień

FXStreet (Łódź) - Przemysław Kwiecień, Chief Economist at XTB Poland believes that in case of a "yes" vote in the Scottish independence referendum tomorrow, uncertainty would grow considerably in the face of many unanswered questions regarding Scotland's political and economic future.

Key quotes

"First, it is unknown how much of the assets and debts would the new country inherit, in fact even the process of deciding it remains a mystery."
"Furthermore Scotland can be expelled from the EU."

"It is unknown if it can (or wants) to retain the
pound or how would the monetary policy be decided."

"Huge question marks over key economic aspects mean both a high likelihood of chaotic decisions and skeptical business pulling out of the country or at least freezing investments."

"Suddenly, the economic revival that stood behind the GBP rally in the first half of 2014 might be gone and a lack of real wage growth that started the correction on the currency might be the least important issue."

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