Movements may have been small, but they were in the right direction after the result of the Scottish Independence referendum which was rejected by a vote of 45%-55%. The market the week before seemed to be moving in line with survey indications of rising support for independence.
So is the market for the stocks on the rise are or are they going to a all time low? I would assume that the stocks have risen since the results of the vote.
On the forex the GBP/USD went against the other pairs by over 200 pips. In a day or two it came right back inline and made a full retracement.
I've noticed that the USD is way higher comparing to EUR, don't know if the referendum had any influence or not.
Who knows what could have been affected with the market and all. Euros realistically speaking carry the higher value at least they should be like that.
It would have been a good idea to buy GBP a few days before the referendum consider how the Polls showed that a NO vote was very likely. I think things like this will end up finally pushing me into starting FOREX
I think that is more to do with US GDP growth compared to the very real prospect of deflation within the Eurozone. The referendum result would have had a small effect but only due to introducing uncertainty into markets.
The effects that the referendum were having on the markets are over now. As others have said US internal economic issues are likely the largest factor at play here, as well as economic issues within the Eurozone, with the US looking up and the Eurozone looking down.
