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Brexit: Betting Markets See Near Coin-Flip Odds of a Second Referendum, "Plan B" on Tap

From forex.com

Much like a rollercoaster ride, this week’s Brexit developments have been full of twists and turns…but have ultimately taken us right back to where we started the week. PM May’s Brexit deal was roundly rejected on Tuesday, but the Prime Minister subsequently won Wednesday’s no confidence vote. As we head into this weekend, May is once again headed to Brussels to try to forge an agreement that will be acceptable to both the EU and Parliament. The Prime Minister continues to rule out a second referendum on the issue, though betting markets are more open to the idea; according to Bloomberg data, traders now see the odds ... (full story)

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  • Category: Fundamental Analysis