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Benedicte Gravrand, Opalesque Geneva:

Ahead of Scotland’s independence referendum on September 18, asset managers, investors and pension savers are moving billions of pounds out of the country, repots the Financial Times. Apparently, "exit clauses" are also being inserted into commercial property contracts in Scotland to allow buyers to scrap deals or renegotiate prices if voters opt for independence. One Scottish asset management executive said that UK financial regulators were "quietly reaching out" to institutions to discuss their contingency plans for a potential Yes vote. Big Scottish financial institutions are also working on contingency plans. And Mark Carney, governor of the Bank of England, warned that a currency union between England and an independent Scotland would be "incompatible with sovereignty".

As the "Yes" and "No" parties are running neck and neck in the polls, the prospect of Scotland, a country that is part of the United Kingdom, voting to leave the UK next week has injected huge uncertainty into the financial markets, says The Telegraph.

Scotland's threat to secede from the UK knocked the Brit......................

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