Indyref: Financial Uncertainty Claims 'Scaremongering'

Yes campaigners are dismissing claims that the markets are "spooked" by currency uncertainty and narrowing opinion polls.

It's after the Financial Times reported that shares in cross border companies like Lloyds and RBS are falling due to the prospect on Scotland leaving the UK.

Unionists say pooling and sharing of UK resources is the best way to ensure Scottish economic growth.

Gordon Mackintyre-Kemp from Business for Scotland, says the pound moves up and down against the dollar a lot:

“The pound dropping a little against the dollar is no big thing and doesn’t indicate that the markets are spooked at all.  It’s still at the mid-point between the 52-week low and 52-week high and the FTSE went up on the day that the markets were supposedly spooked.
 
“If there was unease anywhere it will have been caused by Westminster’s unreasonable and unprofessional position on currency union which is nothing more than a political tactic aimed at spooking the people of Scotland.  If it has caused market uncertainty it’s the result of a backfire and has spooked the markets while Scotland remains unflustered.
 
“The rUK needs a currency union so its currency can be underpinned by our exports, including oil, and hundreds of thousands of rUK jobs would be at risk without currency union.
 
“The Bank of England has said it will act to stabilise the whole of the UK market - any uncertainty is being caused by Westminster political posturing.  Sensible plans for transition to fair and mutually beneficial agreement would serve us all better.
 
“Yes goes ahead in the polls the UK Government will have to make its commitment to a currency union clear for the sake of the markets, of course, and it can be clear that the end of a failed political union doesn’t jeopardise a successful trading union.”