UK Conservatives' lead over Labour seen narrowing: Panelbase

They are now on course to win 310 seats at the election - short of an absolute majority of 326 seats needed to form a Government.

If May fails to win an overall majority, Britain would be thrust into political turmoil: May would be forced to strike a deal with another party to continue governing either as a coalition or a minority government.

It recovered ground early Wednesday, trading broadly flat at 1.28 against the dollar and up 0.1 percent against the euro at 1.14.

With just ten days to go until the United Kingdom hits the 2017 General Election polling stations on 8 June, Betfair Politics reports that it has recorded £22 million traded across its "UK 2017" Exchange betting markets.

As Market Analyst Martin Essex mentioned, the Pound's direction will be determined by opinion polls ahead of the June 8 th United Kingdom general election.

- This is the narrowest gap yet since Labour started catching up with the Tories following controversies such as a disastrous Tory manifesto launch dogged by embarrassing u-turns and unpopular policies that punished children losing free school meals, millions of pensioners losing winter fuel allowance and hit by the much hated dementia tax.

Britain's Prime Minister Theresa May prepares to speak to the media outside 10 Downing Street, in central London, Britain. The parliamentary election takes place on Thursday June 8.

An ICM poll for the Guardian showed May with a 12-point lead - enough for a big majority of around 100 but down two points from last week and a far cry from the record 22-point lead earlier this month. But a hung parliament could throw the process into the air.

Donald Trump fails to commit to Paris climate agreement
Trump , who has called global warming a "hoax", promised during his presidential campaign to pull the US out of the deal. Condemning this week's deadly terror attacks in Manchester and Egypt , Trump said such atrocities "steel our resolve".

"In the last week alone more than 65% of bets have been on Labour".

The headline figures certainly stand out given previous assumptions and polling data pointing to the Conservatives securing a majority.

The controversial analysis, released late on Tuesday, is based on a complex model and suggests Mrs May's gamble of calling a snap election in the hope of a landslide win could backfire spectacularly.

The Calculus is said to be "right more often than wrong", and it has has built a reputation over the years as a trusted provider of electoral facts, data and predictions.

And the Northern Ireland parties are even more set against leaving the European single market and customs union than the LibDems because of the disruption to livelihoods and life both sides of the Irish border.

YouGov have admitted there is a wide margin for error with their projection model with their results possibly indicating also as few as 274 Torie seats or as high as 345.

According to The Times, YouGov's constituency by constituency model was based on polling over the past week which now puts the Tories at 42% with Labour on 38%.

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