Obscurity arising from the future of Scotland is one of the most important determining factors on current trends of European markets. The sterling hit a record low of 10 months for the last two days. Many Scotland based companies saw losses in their assets, while multinational companies expressed their tendency to keep the union.
Scotland's biggest banks, Royal Bank of Scotland (RBS), Bank of Scotland (BS) owned by Lloyds Banking Group that also owns mortgage giant Halifax and Cyldesdale Bank announced on Thursday that they will move to England in case of a breakaway. RBS and BS were bailed out by the British Government during 2008 financial crisis. All three banks also have the right to issue the sterling, which they would lose in case they continue to operate from an independent Scotland.
UK's largest retirement and insurance company, Edinburgh based Standard Life, also announced that they will move their headquarters to England if Yes would be the result of the referendum.
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