Scotland Reality Check Currency Market Results 

 Rate Range Projection by Bank

 Next week 108.00- 110.00

Next 3 months 105.00 - 110.00

After a count through the night, 55.3 percent of Scottish voters supported the “no” campaign against 44.7 percent who backed independence, a wider margin of victory for the Better Together campaign than suggested in opinion polls. There was a record turnout of more than 90 percent in some of the 32 regions.

Options traders sold protection against declines in sterling as the separatist movement’s defeat became evident. The premium for one-month options to sell sterling against the dollar versus those allowing for purchases tumbled for a second day, falling to as low as 0.69 percentage points, the least since Sept. 4, 25-delta risk reversals show.

The foreign-exchange market called Scotland’s referendum on the future of the U.K.’s 307 year-old union right. By 2 p.m. in London yesterday the pound had reversed its recent drop, climbing above the $1.6327 close on Sept. 5, the last trading day before a poll by YouGov Plc indicated Scotland may vote to end the union, prompting a slide in the price and a spike in volatility. Market charts showed volatility on the pound slipped below its five-year average.