GBP:
The major talking point on Friday was Scotland’s no vote in their independence
referendum. Final figures revealed the voters in Scotland rejected independence
by 55% to 45%.

Over the weekend, Scottish First Minister Alex Salmond has said “No”
voters in last week’s independence referendum were “tricked” by a
late vow of more devolved powers.

He accused the three UK party leaders of “reneging” on the pledge

GBP:
The major talking point on Friday was Scotland’s no vote in their independence
referendum. Final figures revealed the voters in Scotland rejected independence
by 55% to 45%.

Over the weekend, Scottish First Minister Alex Salmond has said “No”
voters in last week’s independence referendum were “tricked” by a
late vow of more devolved powers.

He accused the three UK party leaders of “reneging” on the pledge
they made days before Thursday’s referendum which he claimed won the
“No” vote. No 10 dismissed his claims, as the three parties continue
to disagree over handling the process of devolution.

USD:
Despite no data being released late last week, the Dollar has made some gains
on expectations the US Federal Reserve edges closer to its first interest-rate
increase since 2006.Consequently, the dollar index, a gauge of the greenback’s
strength against a basket of major currencies, was within reach of a two-year
high on Friday.

Elsewhere in the headlines, speculation surrounded the G-20 meetings and their
potential involvement in the currency markets. Analysts are concerned about the
impact of diverging monetary policies from the U.S. to Japan and how they
threaten to increase exchange-rate volatility.

Key Announcements:

14:00 BST: EUR – ECB President Draghi Speaks

Our dealers are available via e-mail ([email protected]) or by phone (020 7220 8181).