FTSE 100 and sterling shrugged at second Scottish independence referendum

Oscar Williams-Grut

LONDON — Stock and currency markets had a muted reaction to Monday's announcement of plans for a second referendum on Scotland's independence from Britain.

Scottish First Minister Nicola Sturgeon announced plans for a second plebiscite on the issue at a press conference at 11.30 a.m. GMT (6.30 a.m. ET) on Monday. She said it is the "right thing for the country" to give Scots the opportunity to avoid dropping out of the European single market through a "hard" Brexit.

Despite the potential for further political, economic, and social upheaval that a referendum offers, markets have largely ignored the announcement.

The FTSE 100 was up 0.34% at the market close:

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The pound is up 0.46% against the dollar at the same time:

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InvestingScotland held a referendum on independence in 2014. The country voted to remain in the UK 55.3% to 44.7%, with a turnout of 84.5%.

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