On Tue, 9/16/14, Melvyn Fernandes wrote: Scotland, a country that is 33 per cent land mass and 16 per cent of the population of the United Kingdom, its major revenue being “black gold” (oil) and “gold watch” (whisky) forgets its economy relies on the strength of being United. I am wondering if Scottish people of Goan origin will vote whichever way the money goes. Will we being seeing the first sign of a Scottish Rupee ditching the Scottish Pound. At least if anything this will be a new currency on the block as the world keeps chasing after the sterling and the US dollar. ------------------------------------
Melvyn Fernandes, Speculators love a crisis. Any crisis. As such, your foreign exchange traders are having a ball with the Great Britain Pound. Canadians went thru the same experience when Quebec had its referendum a few years ago. The bottom line? Every time a country votes on whether it is going to split or not, its currency takes a beating. There is easy money to be made. Every time. Mervyn
