Shares rise on ‘No’ vote as pound rally fades
The pound has hit a two-year high against the euro and a two-week high against the US dollar, as Scotland voted against independence.
The pound also jumped nearly 0.8% to $1.6525 against the US dollar, before falling back slightly. The FTSE is also expected to open higher.
“That contingency plan is no longer required. Following the result it is business as usual for all our customers across the UK and RBS.”
Over the past couple of weeks the pound had fallen on fears that Scotland would vote in favour of independence.
Brenda Kelly from IG Index said: “Investors in these firms will be relieved that management will be able to devote their time to business performance, rather than fretting about contract changes or headquarter moves.
“Scotland has long been a world leader in business sectors such as oil and gas, whisky and investment and the task now is to grow the rest of the economy with the strong support of politicians of all parties,” said Mr Gilbert.
Source: BBC- Shares rise on ‘No’ vote as pound rally fades
