This Thursday the 18th of September, a Referendum on whether Scotland should be an independent country from the United Kingdom is set to take place.
The referendum could have a significant impact on the Forex market and polls show the vote is currently hotly contested.
A vote of “yes” could result in a large degree of volatility as it would generate uncertainty around Scotland’s future in relation to both the United Kingdom, European Union membership, and regulation of Scottish Banks.
A vote of “no”, which would keep things at the status quo, could still spark a strong trend depending on how much the market has priced in the result.
If you have, or intend to have, open positions in GBP and EUR this Thursday and Friday you may want to consider placing additional capital in your account in the event that the volatility impacts your positions.
The referendum could have a significant impact on the Forex market and polls show the vote is currently hotly contested.
A vote of “yes” could result in a large degree of volatility as it would generate uncertainty around Scotland’s future in relation to both the United Kingdom, European Union membership, and regulation of Scottish Banks.
A vote of “no”, which would keep things at the status quo, could still spark a strong trend depending on how much the market has priced in the result.
If you have, or intend to have, open positions in GBP and EUR this Thursday and Friday you may want to consider placing additional capital in your account in the event that the volatility impacts your positions.
