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Recent polls have consistently found majority support among Scots for leaving the UK.
Prime Minister Boris Johnson has refused legal permission for a referendum, but it may not matter.
Scotland is heading towards independence from the UK. That s the inevitable conclusion to be drawn from the latest opinion polls that show a surge in support for Scottish nationalism.
The polls, which now show a consistent lead for independence, have followed a bleak year for the United Kingdom in which it has suffered one of the highest coronavirus death tolls and worst recessions of any country.
It has also coincided with Britain s exit from the European Union, which a clear majority of Scots voted against.
Jan 25, 2021 17:17 GMTFXStreet News
Cable currently trades at lows of the day in the 1.3650s.
GBP/USD is being dragged lower by weakness in the euro on Monday.
GBP/USD is being dragged lower by weakness in the euro on Monday. Versus the US dollar, sterling and the euro have a positive correlation, which is unsurprisingly really given that geographical proximity and trade interdependence of the UK and EU (i.e. economic weakness in one seeps into the other).
Cable currently trades at lows of the day in the 1.3650s and EUR/USD continues to press lower, having only very briefly managed to surpass the 1.3700 level during the early part of the European morning. At present, the pair trades lower by about 0.1% or just over 15 pips on the day, but if the current downtrend in EUR/USD persists, the pair is likely to drop further.
Scottish First Minister Promises to Hold 2nd Independence Referendum if Her Party Wins in May Polls Published January 25th, 2021 - 07:59 GMT
Scotland s First Minister Nicola Sturgeon attends a session at the Scottish Parliament in Holyrood, Edinburgh on January 19, 2021. RUSSELL CHEYNE / POOL / AFP
Highlights
Johnson has repeatedly ruled out granting legal authority, which lies with the national Westminster parliament in London, for a second vote.
Scottish First Minister Nicola Sturgeon said Sunday that she will hold an advisory referendum on independence if her center-left nationalist Scottish Nationalist Party wins Scottish parliamentary elections in May with or without the UK-wide parliament’s approval.
The Scottish National Party announced on Sunday that it would try to legislate for a second independence referendum even if the UK government continues to refuse to.