Over half the Scottish regions have declared the results, and the No campaign seems on track to secure a comfortable victory. This is far from over as the two biggest cities, Glasgow and Edinburgh have not reported yet, so anything is still possible. Yet the margin seems quite wide: GBP/USD is trading around 1.6510, below the highs of the day seen at 1.6523. Is a No victory fully priced in at this point? Could we see a “buy the rumor, sell the fact” event when the official result is declared? Big update: Networks call the elections: No to Scottish Independence And that’s it: Scotland officially rejects independence – it’s all over Well, this is a special, historic event, and it is hard to assess the full reaction. We also have to take into account that the UK economy is doing well and that the BOE is getting closer to raising the rates. However, as we got closer to September 18th, a No result began being priced in, and one betting firm even paid out on some of the No bets. If so, we have support at 1.6445, followed by 1.64. If we get the expected, buy GBP reaction, 1.6540 is the next level of resistance. Scotland Referendum: GBP/USD levels to watch out for The result is Glasgow is critical for result. Updates In Glasgow, 53% Yes. 47% No. Is this enough to tip the campaign towards yes? GBP/USD is now moving up, getting closer towards the 1.6523 high. 23/32 regions declared, No leads by around 200K votes. That’s a gap of around 9%. Another region says No, 8 more to go. Sky News calls the election. 26/32 regions counts No leads 54%, GBP/USD ticks down. Here is GBP/USD selling the fact: will it hold? Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next No to Scottish Independence say major networks Yohay Elam 8 years Over half the Scottish regions have declared the results, and the No campaign seems on track to secure a comfortable victory. This is far from over as the two biggest cities, Glasgow and Edinburgh have not reported yet, so anything is still possible. Yet the margin seems quite wide: GBP/USD is trading around 1.6510, below the highs of the day seen at 1.6523. Is a No victory fully priced in at this point? Could we see a "buy the rumor, sell the fact" event when the official result is declared? Big update: Networks call the elections: No to Scottish Independence… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.