Industry reaction as Scotland rejects independence

clock

Fund managers, economists, and currency traders waited with bated breath for the outcome of the historic referendum in which Scotland would decide its future - whether inside or outside the UK.

As the result suggests 55% of voters rejected a move to independence, the tone coming from the funds industry is one of relief, but several have warned sterling could remain vulnerable, and the political climate could put the brakes on any potential UK rate rise.     Martin Gilbert, chief executive of Aberdeen Asset Management: “The campaigning is over and UK investors will welcome a reduction in the uncertainty of recent months. Tomorrow attention will turn again to the situation in Ukraine, the conflict in the middle east and the fragile European economy.   “Both sides of the inde...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

More than half (57%) of UK investors said they were confident the worst of the economic turbulence from the past 18 months has now passed.

Investors still cautious despite predicting economic stability

'There is a sense that 2024 will bring a little more calm'

Laura Miller
clock 26 September 2023 • 1 min read
Partner Insight: Investor Archetypes

Partner Insight: Investor Archetypes

In this article, we outline four key personality archetypes that advisers will recognise among their client bases. We then explain how advisers can tailor their guidance to address the biases of each key archetype.

Embark Investments
clock 26 September 2023 • 7 min read
Bank of England

Bank of England holds rates at 5.25% after inflation falls

MPC in split decision after inflation unexpectedly fell in August

Valeria Martinez
clock 21 September 2023 • 3 min read