http://www.businessinsider.com/r-market-calm-over-scottish-vote-at-odds-with-disaster-warnings-2014-9
LONDON (Reuters) - The big question about investor anxiety over Scotland's independence referendum is not whether it's warranted, but why it took so long to materialize and why it's still so marginal.
Even now, with opinion polls showing a near-equal split in Thursday's vote for and against Scotland's secession from the United Kingdom, market moves have been modest at most - especially when you strip out influences such as domestic interest rate speculation and the wider global economic pulse.
Against the prospect of a potentially messy break-up of the world's sixth largest economy, the relative calm is eye-opening, whether due to detached calculations about the outcome and risks, or a worrying nonchalance and perhaps even puzzlement.
For all the banner headlines of market fright surrounding the issue - mostly trumpeted by unionists - sterling's value against a trade-weighted basket of world currencies is still a full two percent higher in 2014 so far, even after its recent retreat from midsummer peaks.
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http://www.businessinsider.com/r-market-calm-over-scottish-vote-at-odds-with-disaster-warnings-2014-9#ixzz3DZLTE8az
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