After a couple of days of depressing losses, the Euro finally looks a little sharper with small but promising gains against the US Dollar putting it at 1.2950 in mid morning trading. Since the annoucement last week of new measures by the ECB to stimulate the European Union, the single currency was falling.

Across on “old blighty” the story is much different. The anticipated Scotland independence vote has gathered some pace towards the “yes” camp, say recent opinion polls. And although it is only a poll, the news give sterling a sharp shock in early week, pushing GBPUSD down to 1.6050 level.

There is a call for support to hold around 1.6, but eyes are on the vote campaigns. With many analysts stating that a “yes” vote by Scotland could immediatley wipe 20% off the value of the British Pound.

In the USA, things look all rosy (for once). Stock markets have been holding highs, the USD is not under siege in the way its European counterparts are, however, there is plenty data to come from over the pond in the coming weeks, which should make things very interesting as we head into voting for Scotlands decision.