How a big election win for Nicola Sturgeon and SNP will hit sterling
The pound could be in for a bumpy ride if the party backing Scottish independence scores a knockout victory in Thursday's elections
1 May 2021 • 3:00pm
The Brexiteer hedge fund manager Crispin Odey made £220m betting against the pound in 2016 as the UK voted to leave the European Union, but he is sitting on the sidelines this week as Scotland goes to the polls.
Nicola Sturgeon, the First Minister, is chasing an overall majority at Holyrood in Thursday’s elections in a bid to create unanswerable pressure for a second independence referendum in a decade – if Westminster decides to grant one.