The Pound remained relatively flat during Friday’s session; with no fundamental data being released speculation over the Scottish referendum dominated the headlines over the course of the weekend.
Analyst have indicated a number of firms are putting stock market flotation plans on hold ahead of the Scottish referendum, fearing market turmoil could throw the initial public offerings (IPOs) off track.
The Queen spoke out for the first time on Sunday about the debate, telling a well-wisher as she left church in Balmoral those voters should think carefully about how they cast their ballot this week.
Speaking as she left Crathie Kirk, the Queen said: “I hope that people will think very carefully about the future,” in response to a light-hearted question about the referendum from a member of the public. A spokesperson for the Royal Family confirmed the comments, but would not be drawn on whether the Queen was indicating explicit support for the pro-union campaign.
Scottish voters go to the ballot box this Thursday to decide whether the nation should remain part of the United Kingdom or go it alone. Polls over the weekend showed the No campaign narrowly ahead in three out of four surveys, but many voters remain undecided.
Prime Minister David Cameron will make a speech in Aberdeen today, warning that the result of the vote will last for centuries to come and cannot be reversed. He will tell a crowd of activists in Scotland that there will be no going back from independence.
The Dollar saw little movement despite an August pickup in retail sales and revised figures showing demand in prior months was stronger than first reported, signalling consumers have reclaimed their position among the main sources of US growth.
A firming job market, rising stock and home prices and a retreat in fuel costs are among reasons Americans feel more comfortable boosting outlays. The sales report prompted some economists to raise forecasts for third-quarter consumer spending and economic growth.
There are no key announcements today.
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