The Scottish independence referendum has been won by the ‘No’ campaign, leading to markets and the pound rising sharply on Friday morning.
Financial institutions and investors were nervous about the outcome, particularly a couple of weeks ago when an IPSOS-Mori poll had the ‘Yes’ campaign in a shock lead.
UK stock markets had fallen since then. The FTSE 100 dipped from 6,878 on 4th September to 6,780 on Wednesday. It has since recovered somewhat to 6,840 at the market's close.
The value of the pound has also risen sharply since the no vote was confirmed, jumping to its highest level in two weeks at $1.65 to the pound, while also reaching a two-year high against the euro.
The Prime Minister is expected to make a statement today outlining exactly what happens next in the devolution process. The Government has already committed to handing greater powers over tax and welfare to the Scottish assembly, although they aren't likely to be confirmed until after the General Election in May.
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