Pound in Peril as Opinion Poll Puts Scottish Separatists Ahead

Sterling markets are stirring on the risk of the U.K.’s 307-year-old union splintering, and that spells danger for the pound.

Britain’s currency is likely to weaken when markets resume trading after the weekend, strategists said following a poll that showed the Scottish independence campaign gained a lead for the first time this year with two weeks left before the vote. The pound fell the most in 14 months last week, and gauges of future price swings surged after the previous YouGov Plc showed the “No” campaign’s lead was shrinking.

“The referendum is on a knife edge,” saidNick Stamenkovic, an Edinburgh-based fixed-income strategist at broker RIA Capital Markets Ltd. “Markets have been too complacent but are now waking up to the increased risk of Scotland voting for independence.”

 

http://www.bloomberg.com/news/2014-09-07/pound-in-peril-as-opinion-poll-puts-scottish-separatists-ahead.html

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BIG MARKET NEWS WEEK 08 SEP – 13 SEP 2014

China Monday, Sept. 8, 2014 04:00  

CNY Trade Balance (Aug)
Canada Monday, Sept. 8, 2014 14:30  

CAD Building Permits (MoM) (Jul)
Australia Tuesday, Sept.9, 2014 03:30  

AUD  National Australia Bank’s Business Confidence (Aug)
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GBP BOE’s Governor Carney speech
United Kingdom Tuesday, Sept.9, 2014 10:30  

GBP Manufacturing Production (MoM) (Jul)
United Kingdom Tuesday, Sept.9, 2014 16:00  

GBP NIESR GDP Estimate (3M) (Aug)
China Wednesday, Sept.10, 2014 n/a
CNY New Loans (Aug)
United Kingdom Wednesday, Sept.10, 2014 11:00  

GBP Inflation Report Hearings
New Zealand Wednesday, Sept.10, 2014 23:00  

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Australia Thursday, Sept. 11, 2014 03:30  

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Australia Thursday, Sept. 11, 2014 03:30  

AUD Unemployment Rate s.a. (Aug)
Australia Thursday, Sept. 11, 2014 03:30  

AUD Part-time employment (Aug)
Australia Thursday, Sept. 11, 2014 03:30  

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China Thursday, Sept. 11, 2014 03:30  

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USD Initial Jobless Claims (Sep 5)
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JPY Bank of Japan Governor Kuroda Speech
United States Friday, Sept. 12, 2014  

14:30

 

USD Retail Sales (MoM) (Aug)

 

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