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Reuters
Reuters
Business
By Naomi Rovnick

Scottish politics are in turmoil, but it's small fry for the pound

FILE PHOTO: Scotland's First Minister Nicola Sturgeon departs Bute House, following her resignation announcement in Edinburgh, Britain, February 15, 2023. REUTERS/Russell Cheyne/File Photo

Any prospect of Scotland breaking away from the United Kingdom used to have momentous implications for U.K. markets. Nowadays, not so much.

The lack of any discernable reaction in the pound, gilts or London blue-chips to the resignation on Wednesday of pro-independence Scottish first minister Nicola Sturgeon's resignation showed.

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