Sterling steady as markets eye ‘super Thursday’ status quo

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Sterling ticked up against the dollar on Wednesday as a poll showed Scotland’s main pro-independence party was unlikely to win an outright majority in Thursday’s election, undermining its hopes for a referendum on separating from Britain.

The Scottish National Party (SNP) wants a majority in the devolved parliament to demand another referendum, although British Prime Minister Boris Johnson reiterated that he will not grant one. “I think that most people in Scotland, most people around the whole of the UK, feel that …, as we’re coming forwards out of a pandemic together, this is not the time to have a reckless, and I think irresponsible, second referendum,” Johnson told broadcasters during a trip to the English midlands.

Because of the resolute opposition of the UK government to another referendum, the impact of the election’s results on the British currency are expected to be fairly limited. “It is far from clear how we get to a second referendum,…

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