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Market wobble as poll opens the door to Scottish independence


Market wobble as poll opens the door to Scottish independence


British financial markets have got a case of Scottish independence jitters after the publication of the poll.

Sterling fell more than 1.0 percent, its biggest one-day drop in over a year.

Government bonds also hit the skids and 3.7 billion pounds was wiped off the market value of five top London-listed companies with large Scottish interests.

David Frost from the Scotch Whiskey Association is worried that Scotland will lose its international clout if Scotland gains independence: “At the moment we have got a great UK diplomatic network, very focused on trade promotion. We are a biggish country that can really get access, get influence to help the industry and that might not be the situation if Scotland were to become independent.”

For many the who support the ‘yes’ campaign it is a unique opportunity for change and one, which must be grabbed with both hands.

Andrew Failie, who owns a restaurant in Gleneagles, said: “I would say vote yes for a much better future. I don’t think the status quo is acceptable any longer. I think that we need to vote for change and the only way that change is going to happen for the better is with a ‘yes’ vote and voting for a sovereign government.”

A ‘yes’ vote will mean negotiations with London on a number of major issues, not least, the currency, national debt, the future of the British nuclear submarine base in Scotland and what to do about revenue from North Sea oil.

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