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Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 102660, member: 22847"] [B]AceTraderFx May 23: G7 finance leaders united over the weekend in "wishing" that Britain stays in the EU[/B] [B]Intra-Day Market Moving News and Views- GBP/USD 23 May 2016[/B] [I]01:10GMT[/I] GBP/USD - ...... Reuters reported over the w/end 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. 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. 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," according to Ladbrokes. 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. [/QUOTE]
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