Glasgow was one of the biggest councils to give a result but it’s made no odds to GBP/USD. The BBC has declared No’s the winner, based on their projections
We’re back at the highs but there’s been no major reaction
The lack of movement either way on the recent results might suggest that we might be seeing some fatigue in trading the results.
The latest round of votes sees the “no” count increasing both number of wins and percentage gains
The yes brigade have a lot to do to win this now. but it’s all over bar the shouting.
As for where the pound is going, even though we’re pretty steady I think we need to wait for Europe/UK traders to hit their desks before seeing which way we go. I’m thinking we see it go up but how far we go is another question.
Still the big level to watch is around 1.6535/6620 up above
GBPUSD Weekly chart 19 09 2014