Punters Think Brexit Will Be Delayed

Punters on Smarkets are betting that the UK won’t leave the EU by March 29, 2019. The implied probability that it won’t happen on time is 80%.* Since May lost the meaningful vote punters and financial traders have been betting that Brexit will be softer and delayed. Guido thinks the odds are more evenly balanced…

*The probabilities don’t add up to 100% because of the over-round.


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Quote of the Day

Emmanuel Macron comes over all euro-sceptic…

“We ended the day on what we can call a failure. It’s a very bad image we are giving of the Council and Europe, no one can be satisfied with what happened over so many hours. Our credibility is profoundly tainted with these meetings that are too long and lead to nothing, we give an image of Europe that isn’t serious. We cannot hold talks with world leaders, in an ever more violent world, and be a club that meets at 28 without ever deciding anything.”

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