- MarketPulse - https://www.marketpulse.com -

Odds Move Sharply Towards Britain Staying in EU After Obama Warning

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 [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam [5]

Senior Market Analyst, UK & EMEA at OANDA [6]
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

Latest posts by Craig Erlam (see all [5])