Industry reaction to Scottish independence vote

Fund managers, economists, and currency traders waited with bated breath for the outcome of the historic referendum in which Scotland would decide its future - whether inside or outside the UK.

As the result so far suggests 55% of voters rejected a move to independence, the tone coming from the funds industry is one of relief, but several have warned sterling could remain vulnerable, and the political climate could put the brakes on any potential UK rate rise.     Martin Gilbert, chief executive of Aberdeen Asset Management: “The campaigning is over and UK investors will welcome a reduction in the uncertainty of recent months. Tomorrow attention will turn again to the situation in Ukraine, the conflict in the middle east and the fragile European economy.   “Both sides of t...