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Opinion | A Scottish political party treated trans people like the Loch Ness monster It won t be the last time

GBP/USD consolidates in a range above 1 4100 mark, Bailey s speech awaited

May 11, 2021 10:46 GMTFXStreet News GBP/USD was seen consolidating the overnight strong gains to the highest level since late February. An uptick in the US bond yields, weaker risk tone underpinned the safe-haven USD and capped gains. The downside seems limited amid an upbeat UK economic outlook and ahead of BoE Governor Bailey. The GBP/USD pair extended its consolidative price move through the first half of the European session and remained confined in a range just above the 1.4100 mark. A modest US dollar strength failed to assist the pair to build on the previous day’s strong positive move to the highest level since February 25, led by the outcome of the Scottish election. It is worth mentioning that Nicola Sturgeon’s Scottish National Party (SNP) recorded its fourth consecutive victory but fell short of securing an outright majority. The result pushed back the risk of an imminent Scottish referendum on independence from the UK, which, in turn, prompted some aggressive sh

Scottish National Party s fourth election win threatens UK breakup

Scottish National Party’s fourth election win threatens UK breakup Nicola Sturgeon’s Scottish National Party (SNP) won this year’s elections to the Scottish parliament by a huge margin. The party polled 47.7 percent of the vote in individual constituencies, against the Conservatives with 21.9 percent and Labour with 21.6 percent. In the regional lists, the SNP won 40.3 percent against 23.5 percent for the Conservatives and 17.9 percent for Labour. The Greens polled only 1.3 percent in the constituencies but 8.1 percent on the lists. Under the proportional representation system, these figures translate to 64 seats for the SNP, 31 for the Conservatives, 22 for Labour, eight for the Greens and four for the Liberal Democrats. With the formal or informal assistance of the Greens, the SNP will therefore be able to form a pro-independence majority in the 129-seat parliament.

How easy would it be for Scotland to rejoin the European Union?

Scotland s separatist parties won a majority of seats at last Thursday s election, meaning leaving the United Kingdom is once again being talked about. First Minister Nicola Sturgeon’s Scottish National Party (SNP) and the Scottish Greens, both stood on a platform of independence and rejoining the European Union, winning more than 50% of the vote. The UK government is currently ruling out another referendum, but if the moment does arrive, how easy would it actually be for the Scots to rejoin the EU? Kirsty Hughes, director of the Scottish Centre on European Relations said there wouldn t be too much difficulty, given the country s recent history within the bloc.

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