Nomura’s turn to tell us how to trade the Scottish referendum

Yesterday Adam had how SocGen and ING were playing the Scottish vote and now Nomura have thrown their hat into the ring.

They also worry about the narrowing of the polls between yes and no and that factor will weigh on the pound into the run up to d-day.

Via our pals at EFX, they say to short the pound in the run up to the 18th and to reduce the position a day before, then go long just before the polling booths open. They also see a benefit in owning out of the money GBP/USD pust and in the case of a yes vote envisage a 5-10% swing in the days following the result.