Pound hits 6month high as Bremain hopes get last minute boost

first_imgThe pound rose to a six-month high against the dollar early on Thursday after the latest polls supported those in favor of Britain remaining in the European Union, hours before a crucial referendum to decide the country’s place in Europe.Polls by ComRes, conducted for the Daily Mail newspaper and ITV television, and YouGov for The Times newspaper in London showed a last-minute rise in those supporting Britain to remain in the EU.although several poll results have been too close to call a definitive outcome.The pound was up 0.6 percent at $1.4802 after touching $1.4847, its highest since the beginning of the year.A wait-and-see mood was expected to prevail through the rest of the day, dotted by possible bouts of volatility, as the market nervously awaited the British poll results.The polling will take place between 0600-2100 GMT on Thursday, with the results expected early on Friday.”It will be hard for the market move until the poll results are released. The pound obviously will take center stage. But other European currencies and particularly dollar/yen also bear watching as the pair will reflect swings in risk sentiment,” said Shin Kadota, chief Japan FX strategist at Barclays in Tokyo.The dollar was up 0.1 percent at 104.595 yen after moving the previous day in a narrow 104.855-104.310 range.The greenback has sagged against the yen after Tuesday’s testimony by Federal Reserve Janet Yellen was seen to have played down the chances of a U.S. interest rate increase in July.The euro gained 0.2 percent to $1.1324, adding to an overnight gain of 0.5 percent. A slight ebb in prospects of Britain leaving the EU has helped the common currency.The Australian dollar, seen as a rough proxy of risk sentiment, was up 0.2 percent at $0.7514, not far from a seven-week high of $0.7527 scaled overnight.last_img read more

Keep watch on pollstime govt Oikya Front tells editors

first_imgJatiya Oikya Front leaders while exchanging views with the editors of print media in a city hotel on Friday. Photo: UNBMain opposition, Jatiya Oikya Front, has urged the media to keep an eye on the polls-time government for holding a free and fair election. The leaders of Oikya Front made the call while exchanging views with the editors of print media in a city hotel on Friday.“The Front will keep trying so that the election truly becomes free and fair. We’ve identified many steps of the government (over holding the election). The Front expects the newspapers will keep a close watch on them,” said Front leader Kamal Hossain told newsmen after the meeting.“The editors think that we all have to work together to ensure that the people would be able to cast their votes without any fear,” he added.BNP secretary general Mirza Fakhrul Islam Alamgir said that they sought cooperation from the editors of national newspapers in ensuring a free and fair election. Prothom Alo editor Matiur Rahman, New Age editor Nurul Kabir, Manabzamin editor Matiur Rahman Chowdhury, News Today editor Moslemuddin Ahmed, bdnews24 editor-in-chief Toufique Imrose Khalidi, Dhaka Tribune editor Zafar Sobhan, Holiday editor Kamaluddin Ahmed, weekly Saptahik editor Golam Mortaza, among others, were also present.Apart from Kamal and Fakhrul, BNP senior leaders Khandaker Mosharraf Hossain, Moudud Ahmed, JSD president Abdur Rab, Nagorik Oikya convener Mahmudur Rahman Manna, among others, attended the programme.last_img read more