Friday, September 19, 2014

UK Remains Intact


Yesterday's historic vote in Scotland means that they will remain part of the United Kingdom.  By a 55 to 45 percent margin, Scots voted to reject independence, but will demand reforms and greater autonomy within the UK.  With the vote to remain in the UK, the British pound sterling and their stock and bond markets rose strongly, and Brits collectively let out a sigh of relief.  Queen Elizabeth II is expected to thank Scotland for their decision later today in a public comment.  Her last foray into the vote for independence rubbed many Scots the wrong way when she told them to "think very carefully" about their vote.