Chances Of No Deal Brexit Hit All-Time High
The chances of the United Kingdom exiting the European Union without a deal are at an all-time high after the odds crumbled this week on Boris Johnson sticking to his promise of leaving by October 31st.
With moves afoot among opposition parties for a no-confidence motion in the new Prime Minister, Johnson has refused to rule out the possibility of ignoring any potential defeat in order to ensure Brexit happens on time.
The odds say a no-deal Brexit is now just a 5/4 shot having been 13/8 at the start of the week.
It is now a short Even money chance that Brexit happens in any form on or before October 31st, a price that had been out at 2/1 just a week ago.
Punters are also expecting to be called to the ballot box before the year is out amid rumours that Boris Johnson is set to call a snap General Election. That is now a red-hot odds-on 2/7 from 4/6 after a leaked e-mail from senior Tory MP Damien Hinds included the phrase ‘GE 2019.’
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