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UK PLC breathes easy again after Scotland's no vote - but for how long?
Relief rather than euphoria. That was the instant response in the financial markets to the Scottish referendum vote. Relief that they had been spared months, perhaps years, of wrangling about what currency Scotland might use. Relief that the risk of a bank run had been avoided. Relief that there was unlikely to be a flurry of announcements by companies that they were packing their bags. Relief, above all, that it was not going to be Black Friday. As a result, the pound continued the rally that had started on Thursday once the City became convinced that the strong advances by the yes side in the last weeks of the ... (full story)