Another spike in Brexit drama. Markets are once again going nuts, and odds are moving left and right.
Supreme Court ruled that Johnson’s Parliament suspension was not a lawful one. This makes everyone to come back and even bigger desire to frustrate Prime Minister’s Brexit plan. The deadline is still October 31, and Boris Johson along with his team is steadily moving towards the date. Well, their path might not be as smooth as it used to be since the odds for a 2019 Brexit drifted from 2.25 (5/4) to 2.38 (11/8). Another thing that hints the unlikeliness of Brexit taking place soon is the odds of 4.00 (3/1) on Brexit to take place between January and June 2020.
One of the top online bookmakers Unibet
cut its “UK leaving EU with a deal” odds to 1.14 (1/7)
while pricing the No Deal option at 4.50 (7/2)
. The Supreme Court decision affect far every UK political market. The odds for the UK to stay in the EU fell from 3.25 (9/4)
to 3.00 (2/1)
. The change did not omit Boris Johnson related markets as well. Unibet crashed its odds to 1.91 (10/11)
for PM to resign after the Court ruling. With opposition heavily pushing on Johson, the market for him being the shortest-serving Prime Minister is booming.
Stay tuned for the update!