Prime Minister Boris Johnson has requested the Queen to suspend Parliament well 31st October, leading to bookmakers cutting at chances within a situation that was no-deal.
Having been priced odds-against fairly consistently since March, the possibility of the UK leaving the European Union is now money with bookmakers.
Odds have been hovering about that mark because Boris Johnson took over as Prime Minister, along with it looking increasingly likely that this could be an option for your new guy in No.10.
However, today’s motion stems in light of this PM creating a jolt move to ask the Queen so as to set the legislative agenda of his government to suspend Parliament out of 9th September until 14th October.
The Prime Minister’s request need to pass laws to protect against the scenario that is no-deal.
Punters have jumped into the sale or no-deal market because of this, with a massive 72.2% of bets on the market in the last 24 hours moving on the united kingdom leaving with no offer.
Johnson’s controversial move has been met from key characters like House of resistance leader Jeremy Corbyn and Commons Speaker John Bercow.
Their argument is that suspending parliament ancient is unconstitutional and could closed MPs out of the democratic process in this stage that is critical before the October deadline.
Boris Johnson claims that he simply wants to set his strategies more desperately out, as opposed to mask some intentions of leaving the European Union.
Oddschecker spokesperson Callum Wilson:”Activity on the deal or no price marketplace has been rising steadily ever since Boris Johnson obtained the secrets to No. 10.
“Today’s news is now seen an important increase in bets and bookmakers have reacted accordingly, with the no-deal Brexit situation looking as probable as it has according to the odds. In case the suspension goes ahead, expect to realize that cost swing into odds-on imminently.”
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