Currency Traders Have Cast Their Votes In Expectations of Scotland Voting “No” As Pound Sterling Hits Two-Year High
The exit polls say it’s neck and neck, but currency traders bet that Scotland will reject independence, as the British pound sterling hit a two-year high against the euro today. The pound gained a third of a per cent to trade at 1.2687 euros – the highest level since April 2012.
The ZEMA graph in this example demonstrates the pound’s recovery against the euro in the past 48 hours. This data is taken from the Bank of Canada’s foreign exchange report.
ZEMA is an enterprise data management software solution with advanced functionalities to meet the needs of currency traders, risk managers, and business analysts within the finance industry. ZEMA provides an extensive library of fixed income, foreign exchange rates, and commodities data and a web-based data analysis and reporting tool that enable market participants to transform information into relevant market intelligence within minutes.
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 Jim Edwards, “Currency Traders Have Already Voted: Soaring Pound Says Scotland Will Vote No,” Business Insider, accessed September 18, 2014, http://www.businessinsider.com/currency-traders-have-already-voted-soaring-pound-says-scotland-will-vote-no-2014-9.