Scotland has decided. It will remain part of the UK following a decisive win for the pro-union camp, which has taken 55% of the vote to the separatists’ 45%.

All eyes are now on whether sterling will continue its early rally. It's back to where it was before it took a dive 11 days ago following a YouGov poll that showed the yes camp in the lead. That sent the UK into a frenzy of uncertainty, in which the currency was chief whipping-boy. Some are predicting the rally to be muted.