A poll published while voting is underway shows a slightly wider majority for the No Thanks campaign on Scotland: 53% against 47% for Yes. This is an IPSOS-Mori poll for the Evening Standard. A previous poll for the same company showed a narrow majority of only 51% against 51%. It is important to note that this poll excludes the undecideds.
GBP/USD is trading higher, around 1.6330, totally erasing the FOMC related slide. 1.6335 is resistance – it twas the previous high. 1.6250 is support.
When results are in, the pair is likely to trade at even wider ranges.
Looking at the odds at the bookies, we also see here a bigger chance for a No vote: a Yes vote pays out 17/4 (5.25 decimal) while No pays out 1/5 (1.2 decimal).
More on the big event:
- Timetable for forex traders
- GBP/USD levels to watch out for
- The case for Yes – 5 reasons why the polls could possible be totally wrong on Scotland
- What the betting odds imply for GBP/USD
- GBP/USD could retest 2010 lows if Scotland votes to leave UK
- Latest podcast, which also includes the Scottish referendum
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