Scotland closer to a 2nd referendum; Edinburgh has 'no legal' right to challenge Brexit: BBG
|Bloomberg reported that Scottish First Minister Nicola Sturgeon, in a statement reacting to Tuesday’s ruling, said the British government’s promises to uphold a political convention to consult lawmakers in Scotland now were “not worth the paper they are written on.” She said it’s “becoming ever clearer” that Scotland must decide whether it should “take our future into our own hands.”
“It is becoming clearer by the day that Scotland’s voice is simply not being heard or listened to within the U.K.,” said Sturgeon, leader of the pro-independence Scottish National Party that heads the semi-autonomous government in Edinburgh. “This raises fundamental issues above and beyond that of EU membership.”
The Scottish government has to be seen to be doing everything it can to compromise and cooperate, said McEwen at Edinburgh University. There’s no sign at the moment that the U.K. government is willing to accommodate Scotland’s wishes, she said.
As of writing, the Great British Pound bounced off lows taking the GBP/USD pair back above 1.2500 round figure mark (80-pips recovered).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.