Brexit Latest: Transition deal sparks flurry of bets on UK meeting deadline

Brexit - Politics Betting
Exchange punters are now confident the UK will Brexit by March 29 2019
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The 'UK to leave the EU before the March 29 2019 deadline' is now an odds-on chance on the Exchange, for the first time since May last year. Dan Thomas has the details...

"The announcement led to an immediate plunge on the price of 'Yes' in the UK to leave the EU by the 29/03/2019? market, coming in from [2.34] to as low as [1.6]."

On Monday, David Davis, the UK's main negotiator, and his EU counterpart, Michel Barnier, announced that they had agreed on the terms of a 21-month 'transition' period to keep the UK inside Europe's economic structures, thus avoiding a 'cliff edge' after a March 2019 Brexit.

Barnier described the deal as a "decisive step" toward an orderly withdrawal, while the CBI said it was a "critical milestone".

The announcement led to an immediate plunge on the price of 'Yes' in the UK to leave the EU by the 29/03/2019? market, coming in from [2.34] to as low as [1.6].

It marked the first time Yes had been odds-on since last May, amid continuing doubts that the two sides would agree on terms for an orderly Brexit.

Around £10,000 has been traded on the market since the announcement, more than 10% of the overall amount matched.

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