Scottish Independence Vote Inevitable

A second Scottish independence referendum is now looking inevitable and ministers in the United Kingdom government have now concluded it is a question of when such a vote will be held, the Financial Times reported on Friday.

Scottish First Minister Nicola Sturgeon has said that Scotland could hold an independence vote in late 2018, just months before the United Kingdom is due to leave the European Union, though Prime Minister Theresa May has repeatedly said there is no need for such a vote.

“It’s looking inevitable, I don’t think we’re in any position to stop it happening,” the FT quoted one unidentified minister close to the discussions as saying.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.