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Betfair, which already placed a giant  octopus in the middle of Oxford Circus and caused traffic jams, has made another publicity stunt: it is paying out on existing gambles for a No vote on the Scottish referendum, albeit only on the specific “sportsbook” bets and not the wider “exchange” system.

Nevertheless, this  move seems to be supporting the pound. Less than 48 hours before  Scotland goes to the polls, the chances of a No vote seems to be more priced in. Or if you wish, the  magnitude of the collapse of the pound in  case of a Yes vote has risen.

Update:  Scotland Referendum: Timetable for forex traders

Betfair pays out Sportsbook No Scotland referendum GBP rise more priced in

Here is what the Scottish referendum odds are telling  us for GBPUSD

And on a lighter  note, here is how English comedian John Oliver explains the Scottish referendum and asks Scotland to stay:

GBP/USD is now trading  around 1.6210, above the lows seen earlier in the day: 1.6161. For more, see the GBPUSD forecast.