Odds shorten on the UK to vote for EU ‘Brexit’

The debate over whether or not the UK should break away from the EU took another turn overnight with Ladbrokes’ odds on a ‘Brexit’ shortening.

Now 11/8 to leave the UK from 6/4, a new poll has found that more and more people are likely to vote yes to leaving the EU as, when and if David Cameron holds a referendum.

The Prime Minister has stated he will allow the public to vote on the matter before 2017, with some murmurings it could even take place next year.

Ladbrokes’ political guru Matthew Shaddick explained: “The odds for the vote in the UK’s four nations suggest that the result is almost too close to call in England, but a remain verdict is a huge favourite in Scotland.

“The polls and the odds suggest this could be a photo-finish.”

Ladbrokes are 4/7 that remain will be the referendum result, while a remain vote percentage of 45-50% is the 3/1 favourite.

According to recent polls, the number of people wishing to leave the EU is at its highest for 18 months.

But it appears to be within England where much of the disgruntlement lies.

Scotland are 1/10 to vote remain and a large 11/2 to see a leave decision while Northern Ireland are a similarly strong 1/4 to stay in the EU and 11/4 to quit.

And as for Wales, they’re 1/2 to stick with the European Union and 6/4 to opt for a ‘Brexit’.

Fitch Ratings have warned of the UK’s credit levels could be impacted in the short-term should they vote for an exit, but the NRSRO firm also stated the ‘risk of a Brexit is significant.’

This issue will run and run over the next months and years, but right now the support to go it alone is seemingly higher than it has been for some time.

All Odds and Markets are correct as of the date of publishing.

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