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Odds Move Sharply Towards Britain Staying in EU After Obama Warning

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Betting odds have moved sharply in favour of Britons voting to remain in the European Union after U.S. President Barack Obama cautioned last week against leaving the 28-member bloc.

The implied probability of a vote to remain in the June 23 referendum rose several percentage points to about 75 percent, according to live odds from bookmaker Betfair.

Ladbrokes’ betting barometer, which is based on live odds, indicated on Monday a 73 percent chance of Britain voting to remain.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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