Opening Bell: Markets to react to remain swing, Cameron's WWII rhetoric, Ireland's EU payments

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The FTSE 100 is tipped to soar on its Monday opening in the wake of polling suggesting 'Remain' ahead in the Brexit vote.

The UK's blue chip index, like its counterparts worldwide, has endured wild recent volatility in the run-up to Thursday's referendum - with investors spooked last week by polls putting 'Leave' in the lead.

The latest surveys, including a Survation poll for The Mail on Sunday which put Remain back in the lead three points ahead - fuelled further appetite for risk across Asia on Monday following a partial recovery in values on Friday.

The FTSE gained 1.2% in that session and financial spread betters forecast a rise of almost 3% in early trading on Monday on the back of gains in Asia that saw the Nikkei in Japan 2.4% higher.

The pound was also trading 1.4% up against the dollar at 1.45.6 while Brent crude, which had also come under pressure amid jitters about the possible economic effects of a UK exit from the EU, also neared $50 a barrel again.

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David Cameron was challenged over whether his EU negotiations would be upheld in Brussels after the referendum, in his final set-piece TV showdown with the public before the vote on Thursday.

Appearing in front of a BBC Question Time audience in Milton Keynes the Prime Minister also admitted "it is very challenging controlling immigration," but insisted Britain should "stay and fight" its corner in the EU. 

As the battle resumed after being suspended following the death of Labour MP Jo Cox, campaigners on both sides have been considering whether they should tone down the rhetoric in this divisive EU debate.

He was quizzed over what guarantees he had that his EU reforms, negotiated in February, would be upheld after 23 June.

Mr Cameron said: "At my office I sit two yards away from the Cabinet Room where Winston Churchill decided in May 1940 to fight on against Hitler - the best and greatest decision anyone has made in our country. He didn't want to be alone, he wanted to be fighting with the French and with the Poles and with the others but he didn't quit.

"He didn't quit on Europe, he didn't quit on European democracy, he didn't quit on European freedom ... You can't win, you can't fight, if you are not in the room. You can't win a football match if you are not on the pitch."

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Ireland has become a net contributor to the EU Budget for the first time.

Irish Independent reports that in 2014, the last year for which full data is available, Ireland paid €168m more to the Union than it received in grants and payments.

The country contributed €1.69bn - while receiving €1.52bn.

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Irish children who made their First Communion this year received an average of €546 as gifts.

A new survey by Ulster Bank also shows parents spent roughly €836 on their child's big day - an increase of 12% from last year.

Parents spend almost €150 on entertainment, up 25% on 2015.

A child's outfit for the day costs €176, while €56 was spent on doing girls' hair and makeup.

 

Additional reporting by IRN