Moneycorp Market update - Scottish referendum polls still knocking sterling about

  • Scottish referendum polls still knocking sterling about

    The pound has today regained some lost ground against the single currency as the latest opinion poll conducted by the Scottish newspaper the Daily Record reported a swing back in favour of the No campaign, with 53% opposed to Scottish independence against 47% for.  

    Investors remain concerned of the impact of Scottish Independence on the rest of the UK. The British pound is susceptible to volatile price movements, as the market reacts to every opinion poll released, ahead of next Thursday’s vote.

    The euro has recently suffered selling pressure in the foreign exchange markets following last week’s stimulus measures deployed by the European Central Bank to help ward off deflation and engineer a much needed boost to its failing growth prospects.

    The 0.1% interest rate cuts imposed, as well as commitment to start buying asset backed securities, shows a strong determination to deliver at a time when recessionary pressures are high. 

    For more information please contact your local Moneycorp office in La Cala de Mijas on 0034 952 587 657 or email and quote Costa Women