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Betting odds data suggest No Deal Brexit is highly unlikely
The month of October is well over its midpoint, meaning we are getting really close to the Brexit “judgement day”. While all the attention being caught by the political disputes, top online bookmakers say the market undergoes some heavy fluctuations.We have seen Brexit odds moving up and down to the maximum extent as the story was unfolding. Well, one of the top online bookmakers Coral showed its betting odds data of the two possible October 31 outcomes, the No Deal and the extension.
The results are quite impressive. If you were backing the Brexit extension then, luckily for you, the odds haven’t changed much. The fluctuation was fairly smooth with the odds mainly floating in-between 1.29 (2/7) and 1.33 (1/3). This trend only suggests the certainty among the betting community about the outcome taking place.
As for the other option, No Deal odds seem like they have been on a roller-coaster ride. The market hit its rock bottom price of 4.00 (3/1) on October 8 (Tuesday), as a result of “cold” talks with Irish Prime Minister and Chancellor of Germany. However, the talks have been renewed, shifting the No Deal odds to 11.00 (10/1) by the end of the week. The market has been moving the whole time ever since.
When will Britain finally find its political and economic peace?
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