Prime Minister Boris Johnson has asked the Queen to suspend Parliament beforehand of the Brexit deadline on 31st October, leading to bookmakers cutting chances onto a no-deal situation.
Having been priced odds-against fairly frequently since March, the possibility of the UK leaving the European Union is currently even money with bookmakers.
Odds have been hovering around this mark since Boris Johnson took over as Prime Minister, together with it appearing increasingly probable that this could be an alternative for the new guy in No.10.
Today’s movement comes in light of this PM which makes a shock move to ask the Queen to suspend Parliament from 9th September so as to set out the legislative agenda of his administration.
Even the Prime Minister’s petition have to pass laws to prevent the scenario.
Punters have jumped to the deal or no-deal market consequently, with a gigantic 72.2% of bets available on the marketplace in the past 24 hours moving on the united kingdom leaving with no deal.
Johnson movement was met with significant resistance from key characters like House of Commons Speaker John Bercow and resistance leader Jeremy Corbyn.
Their argument is that suspending would effectively closed MPs out of the democratic process in this phase that is crucial prior to the October deadline and parliament ancient is unconstitutional.
Boris Johnson claims that he merely wants to put his legislative plans urgently, as opposed to conceal some intentions of leaving the European Union.
Oddschecker spokesperson Callum Wilson:”Action on the deal or no deal marketplace has been increasing steadily ever since Boris Johnson obtained the secrets No. 10.
“Today’s news is now witnessed an important growth in bets and bookmakers have responded accordingly, together with the no-deal Brexit situation looking as probable as it ever has according to the chances. If the suspension goes forward, expect to observe that cost swing into odds-on imminently.”
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