Taking Scotland out of the sterling

If the Yes vote wins out in this week's Scottish referendum, a chain of reactions would come into play, touching all those who deal with the pound sterling.

Surveys leading into this week’s Scottish referendum have caught the markets by surprise, sending the pound sterling lower. With the result seemingly too close to call at the moment the lobbyists on both sides of the political landscape have been very vocal. The fact the Queen herself has been forced to weigh in on the debate indicates there is a real possibility that Scotland could leave the UK, which would have very serious ramifications across the continent. There is a fear other nations may follow, meaning they would have to move away from the Great British pound as their currency.


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