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Markets continue to digest the Scottish referendum – Danske Bank

FXStreet (Edinburgh) - Jens Pedersen, Senior Analyst at Danske Bank, sees some relief in the markets after the victory of the ‘NO’ vote in Scotland.

Key Quotes

“This morning most of the results from yesterday’s independence referendum in Scotland have been announced”.

“Although two out of the total 32 council areas have still not declared, the ‘No’ camp has gained enough votes to secure a ‘No’ in the final result of the referendum”.

“The final result looks to favour a ‘No’ with 55% of the votes against a ‘Yes’ with 45% of the votes”.

“Markets have reacted positive to the news: the GBP and futures on European equity indices trade higher, notably the future FTSE 100 (UK equity index), as the uncertainty about the future outlook for the UK and the Scottish economy has been removed”.

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