The markets are pricing in a No vote too as sterling has so far this week reasserted itself with GBPUSD recovering to 1.6350, from recent lows around 1.6050 and EURGBP declining back below the 0.8000 level after a brief visit above it. Opinion polls have on average been consistently showing the No Campaign ahead, but sometimes the heart overrules the head and those wavering between yes and no will be conscious that this is their best chance to change the course of Scottish history.
So, how will sterling react in the event of a Yes or No vote? Forecasting FX rates are notoriously difficult however we have put together some thoughts below:
Short-Term and Medium-Term Sterling Forecasts
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