In Focus: Cable Pressured from Scotland Call

Fundamental

As of 07.15 to Current levels 9.08. 2014

This call for independence and a possible of over 300 year old union with the UK is negative for cable. There is a lot that goes into this mix as division & assumption of assets & debts to currency uncertainty does not come without cost.  The balance the economy, political policies and business interest is an overall fundamental value not to mention Scotland's contribution to the UK economy & members of the Labour party which James Cameron leads may well be in question in the next election.

Therefore these issues needs some real serious & quick resolutions before September 18th vote. Of which the time element involved vs. BoE Governor Mark Carney's call on an earlier rate hike would cautiously be held at bay. Gaining a yes vote has gathered pace that now stands on the poll at 51%.

And some economist have initially calculated that if this occurs it can lead to an additional 15% decline from the recent high around 1.6750/80 British Pound vs. the US Dollar. However, emerging markets would likewise be concerned with a rising (stronger USD) and would have to address contrary to each country's local currency value and goods.

Cable Pressured from Scotland