The UK corporate sector, banking and the European markets breathed a sigh of relief Friday resolved after Scotland’s future in the independence referendum , which had shaken the price of sterling.
In the historic plebiscite, with a massive participation of nearly 85%, Scottish voters rejected by a margin of predicted the independence option, with 55.3% in favor of ‘no’ and one 44.70% in favor of secession in the UK.
The impact of the results was noted from early since the Dow rose 0.50% at the opening . He closed the day with a + 0.10%, which allowed him to exceed 11,000. The remaining European shares also ended with slight gains or losses. That has been the case of the Milan Stock Exchange, which lost 0.74% and Paris, which has been left by 0.08%. Meanwhile, the London market has gained a slight 0.27% and Frankfurt 0.01%.
Meanwhile, sterling was recovering after being mired in its lowest level in nearly 12 months last week, when it fell to 1% and after the result, trading at $ 1.65 , while facing the euro rose 0.39% to 1, 28 euros.
have clearly said ‘yes’ emphatically in favor of greater financial freedom That victory in favor of the union of ten points, considerably higher than they did provide surveys, was welcomed and greatly relieved by British business leaders , the banking sector and the selective London, convinced that this is the most beneficial alternative for the economy national.
“The business world has always believed that marriage is the best choice for job creation , economic growth and improving living standards,” he said Friday the director general of the Confederation of British Industry (CBI, English acronym), John Cridland.
While the debate is now directed towards devolution of Westminster to the Scottish Parliament, such and as promised by the British Prime Minister, David Cameron, the President of the Employers considered important that this “ does not undermine the strength of the single internal market , which is in the best interests of residents in England, Wales and Northern Ireland, as well as those living in Scotland. “
In that vein, David Sparks, head of the so-called ‘Local Government Association’, which It represents councils in England and Wales, noted that while the Scots have rejected secession, “have clearly said ‘yes’ emphatically in favor of greater financial freedom and greater decision-making “.
In addition to the world of business and markets, during the final stretch of the campaign prior to the referendum, the banking sector had also expressed their fears against the possibility of an independent Scotland.
Before the vote, several banking groups based in Edinburgh launched a strong message to the Scots in which they are warned that a hypothetical win motivate secession, in the case of groups like the Royal Bank Of Scotland (RBS) or Lloyds Bank, a transfer of its headquarters to England. Once revealed the outcome, RBS said Friday that “ are no longer necessary contingency plans “.
other banks have also improved and companies with connections in Scotland “After the result, continue with business as usual to all our customers for the UK and RBS,” reassured this entity, whose shares rose to first hour to 371.9 pence, boosted by the victory of the “yes.”
Also big companies like insurance and pension company Standard Life, threatened a similar move if Scotland independizaba , confirmed that it will move its business in that region.
The result of the query also caused a revalued in the value of securities of other banks and companies with connections in Scotland as the Lloyds Banking Group of Bank Of -owner Scotland-, noting that “remains committed to having a strong presence in Scotland.”
After the plebiscite, agreed in October 2012 by Cameron and the Scottish first minister, Alex Salmond, will now begin a process of negotiations for agreed to carry out the transfer of powers to Scotland promised by Westminster to turn their separatist pretensions.
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