One of the biggest sub-risk surrounding Britain’s exit from European Union has been the possibility of Scoxit, Scotland exiting from United Kingdom. Nicola Sturgeon, Scottish first minister had announced that she will call for another independence vote, if Scotland is forced out of EU by the referendum, against the wish of Scottish people. She was more confident than ever when her party won all but three seats in Federal Election and was expected to sweep to victory in Scotland’s national election.

Her party won all right but failed to secure outright majority in 129 member parliament.

SNP secured 63 seats, Scottish conservatives won 31 and UK’s Labour party won 24 seats and Scottish Green has won 6 seats.

Well this is a third consecutive victory for the SNP, which is truly a remarkable performance and they are most likely to form the government.

Nevertheless, Nicola is likely to lose some of her confident tone even if this is a minor setback. In 2011, SNP secured an outright majority with 69 seats. Biggest winner this time has been the conservatives, who won 16 seats more, compared to 2011 and Green Party which won 4 seats more than 2011. Biggest loser has been Labour party, which lost 13 seats compared to last election.

Pound is however, focusing on NFP report that will be released later today but has remained relatively well bid since yesterday.