17th September 2014
Online investing in London remained relatively flat yesterday with this week's vote on Scottish independence weighing on the markets.
With the referendum too close to call, no-one wants to make any big moves in case they find themselves on the wrong side of Thursday's vote, especially as there are still so many unknowns about what a yes vote could mean for business in the medium- and long-term.
The uncertainty proved to be something of a blessing for the markets, with Thomas Cook and Asos posting significant losses to their own stocks after both issued trading updates. The holiday firm noted that German bookings had slowed, while "significant investments" from the retailer would keep profits on a par with the previous year.
As well as uncertainty over Scotland, the FTSE didn't drop too much as a result of falling UK inflation, meaning that the Bank of England will be under less pressure to increase the base rate, putting the markets off other online trading options.
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