China's c. bank issues 287b yuan off reverse repo    Sisi tells global leaders at Macron's video conference: Israel crossed all red lines    Egypt to begin second phase of universal health insurance in Minya    Madrid trade talks focus on TikTok as US and China seek agreement    Egypt's Investment Minister, World Bank discuss strengthening partnership    El Hamra Port emerges as regional energy hub attracting foreign investment: Petroleum Minister    Egypt hosts 4th African Trade Ministers' Retreat to accelerate AfCFTA implementation    Power of Proximity: How Egyptian University Students Fall in Love with Their Schools Via Social Media Influencers    Egypt wins Aga Khan Award for Architecture for Esna revival project    EHA launches national telemedicine platform with support from Egyptian doctors abroad    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Emergency summit in Doha as Gaza toll rises, Israel targets Qatar    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



UK "Remain" camp gains ground in EU poll, bookmakers lengthen Brexit odds
Published in Ahram Online on 21 - 05 - 2016

The campaign to keep Britain in the European Union extended its lead over the "Out" campaign in an opinion poll published on Saturday, while two major bookmakers offered the shortest odds to date on a vote to remain.
The poll from market research company Opinium for the Observer newspaper marked the sixth poll out of seven published in the last week to show the Remain campaign in the lead.
Forty-four percent of Britons wanted to remain in the EU, up from 42 percent in an Opinium/Observer poll at the end of last month, while the proportion wanting to leave edged down a point to 40 percent.
Earlier, William Hill and Ladbrokes cut their odds on Britain remaining in the European Union to 1/6, meaning gamblers would get only one pound ($1.45) in profit for every 6 pounds wagered if Britons vote to stay in the EU.
As polls have given sharply different pictures of public opinion, many investors are watching betting odds closely. Odds have consistently indicated a high probability of an "In" result in the June 23 referendum.
"There does seem to have been some move towards staying in the EU, particularly given that ours is an online methodology which typically shows a closer race than polls conducted on the phone," Adam Drummond of Opinium Research said.
Telephone polls have tended to show a larger lead for the "Remain" campaign, with online surveys instead suggesting the referendum result will be too close to call. Opinium surveyed 2,008 adults between May 17 and 19.
"The change comes mainly from Conservative voters who have moved from narrowly backing Brexit at the end of April to a large lead for remain," Drummond added.
The two bookmakers said the vast majority of cash staked on the referendum backed a "Remain" result - 90 percent of it in the case of Ladbrokes. Still, William Hill said most individual gamblers had betted on Britain leaving the EU.
"The Brexit rally of a few weeks ago seems a distant memory. It's significant that so many people are prepared to back remain despite the short odds," Ladbrokes spokesman Alex Donohue said in a statement.
William Hill's odds now reflect an 85 percent chance of a "Remain" vote, up from 83 percent on Friday. Ladbrokes, which removes the margin it takes on bets from its calculations, pointed to a 79 percent chance - up from 66 percent a month ago.
Earlier on Saturday, finance leaders of the Group of Seven industrial powers united over the weekend in wishing that Britain stays in the EU, but acknowledged they could do little more than hope.
http://english.ahram.org.eg/News/217323.aspx


Clic here to read the story from its source.