The referendum is proving to be a speculators headache, this with Brave Heart patriots driving the YES vote and Scottish realists pushing to stay.
With the once in a life time event coming up this Thursday night, it is proving to be hard result to pick. In the last two weeks we have had two polls out which suggest opposing thoughts. The first one which was out three weeks ago suggested that the Scots will secede as the poll showed 51% (Yes) and 49% (No). More recently the vote swayed to the No vote last week with 53% (No) and 47% (Yes).
Last night the sentiment toward the decision was leaning towards a Yes as a panel of analysts suggested that they would leave the UK. This panel consisted of the majority of investment bank heads. Bank Nomura advised investors to brace themselves for a sterling collapse. It’s hard to determine whether the Bank Nomura is spreading fear and speculating or if they know something we normal investors don’t.
However, judging by the extent of the potential losses, if you are a fairly conservative person; it may be a case to get out. Analysts are saying the GBP/AUD could fall up to 15%; this putting the GBPAUD around the 1.50 mark.