Reuters reports that investment bank Morgan Stanley said that there is a 15% chance of Scottish independence from the United Kingdom and a 30% risk of second independence referendum.

Current polls suggest that the Scottish National Party (SNP) could win an outright majority in May 6 polls, and with the pro-independence Greens also set to pick up some seats, the Scottish parliament, Holyrood, looks almost certain to have a majority in favour of independence.

"With the pro-independence parties likely to secure a majority in the May 6 Holyrood election, we see a 15% chance of independence," Morgan Stanley said.