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Hardy: FX tactics changing as polls show Scots shifting
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With opinion appearing to shift towards a 'No' vote ahead of the Scottish referendum, Head of FX Strategy John Hardy brings us up to date with the latest moves in Sterling. After dire predictions that Sterling could fall by as much as fifteen percent, the Pound has been bouncing back after the latest opinion polls suggesting that Independence campaigners will be disappointed.
John explains why he thinks shorting Cable will be an interesting way to short Sterling ahead of the vote and what may happen in EURGBP.
The Scottish referendum is due to take place next Thursday, the 18th of September, with the result expected to be announced on Friday the 19th of September.