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It could all have been so different - ING

FXStreet (Guatemala) - Analysts at ING explained, that from a global perspective, and following the uneventful September FOMC meeting, the only remaining market bombshell was the Scottish referendum.

Key Quotes:

“If it had been a “Yes”, then this Friday morning we would be facing GBP weakness, Gilt weakness as credit risk perceptions intensified, short rate rallies (as BoE tightening was priced further back) and likely also equity market volatility”.

“But it wasn’t”.

“Instead, the reasonably conclusive “No” vote signals a rapid return to some sort of normality, with the potential for some pick-up in business investment in the coming months as postponed investments are implemented”.

“It could all have been so different”.

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