Quebec Lesson Suggests Buy Scotland Referendum Dip
This article is for subscribers only.
If Quebec history is a guide, investors should consider buying British assets ahead of Scotland’s independence vote, Nomura Securities International Inc. said.
Losses in British shares and the pound as the Sept. 18 Scottish referendum approaches with the Yes side ahead in the polls will be quickly reversed if the No vote prevails as it did in Quebec in 1995, Charles St-Arnaud, senior economist and strategist at Nomura in London, said in a note to clients.