The probability of Scottish independence in the United Kingdom is being underestimated and risk is being mispriced in the market, a recent Deutsche Bank report notes.
Scottish independence polls narrowed sharply
The bank’s FX Daily report notes that polls have narrowed sharply since an August 5 television debate, as support to keep Scotland attached to the United Kingdom slips by 8 percent and is currently only holding on to a 6 percent lead over separatist forces.
“Equally worrying,” the Deutsche Bank report says is the turnaround for the separatist and their structural lead. The campaign could lead to very high turnout, nearly...


