Brexit chance drops to new low following sizeable shifts
The chances of UK voters opting for Brexit at the upcoming EU Referendum have fallen to new lows according to our political traders.
In the last few days betting markets have shifted significantly towards a Remain victory with the odds for a Leave outcome lengthented from 9/4 to 3/1 in the space of a week.
Those figures indicate that there is just a 24 per cent chance of Brexit, a fall from the 30 per cent seen recently.
Remain is now a red-hot 1/4 favourite with over 90 per cent of all stakes in the last month being placed on the UK to stay in the EU.
Matthew Shaddick of Ladbrokes said: “The polls may be showing a mixed picture, but the betting is pointing firmly toward a Remain verdict on June 23.”
However, while our Brexit Barometer is stuck in Remain territory it’s worth noting that the margin of support for Leave is still expected to be fairly substantial.
But when factoring in voters who say they are likely to vote it’s Leave who hold the advantage by 45 per cent to 44.5 per cent.
A 40 per cent to 50 per cent Leave vote percentage is currently rated as a 4/5 chance.
Ladbrokes latest betting:
All Odds and Markets are correct as of the date of publishing.