The probability of Scottish independence in the United Kingdom is being underestimated and risk is being mispriced in the market, a recent Deutsche Bank report notes. Scottish independence polls narrowed sharply The bank’s FX Daily report notes that polls have narrowed sharply since an August 5 television debate, as support to keep Scotland attached to the United Kingdom slips by 8 percent and is currently only holding on to a 6 percent lead over separatist forces. “Equally worrying,” the Deutsche Bank report says is the turnaround for the separatist and their structural lead. The campaign could lead to very high…
Risk of Scottish Independence Misinterpreted: Deutsche Bank
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.