Markets

The pound could dive a further 10% in as little as a week if a 'yes' vote on Scotland is approved, witnessing a sell-off reminiscent of sterling's fall on Black Wednesday more than 20 years ago, a manager has warned.

Brent crude oil has fallen to more than a two-year low following a thinktank's move to cut its forecast for global oil demand, while markets were muted overnight ahead of a pivotal US Federal Reserve meeting.

The global economic outlook has darkened in recent months, with a slow recovery in the eurozone holding back many other economies, the Organisation for Economic Co-operation and Development has said.

This week's referendum on Scottish independence will herald a period of ‘extraordinary political and economic uncertainty' for the UK whatever the outcome, Neil Woodford has said.

Investors will pull money out of a separated UK because of the "economic abomination" that is its current account deficit, Société Générale's Albert Edwards has warned.

The US Federal Reserve has created a committee to monitor financial stability and help prevent the emergence of asset price bubbles.

Polar Capital has launched a Healthcare Blue Chip fund as it expands the range run by Daniel Mahony and Gareth Powell's specialist team.

What are the biggest challenges the senior executives of investment management firms are currently concerned about? Hardeep Tawakley asked three: Hermes' Saker Nusseibeh (left), OMGI's Julian Ide (centre) and Rathbones' Julian Chillingworth for their view from the top

Aegon would establish a new registered life company in England should Scots vote for independence on 18 September.

The Brazilian government's economic policies have been a particular bugbear for investors, who have turned their back on the country in recent months, but a number are now increasing their exposure in the expectation there may be a rally if the voters...