I don't mean to be rude and I hope you don't take offence at this, but it it significant that the only strong advocate of Leave on this thread didn't actually understand the financial implications and the fortunes to be made from NoDeal. And of course money doesn't come from nowhere. If it's going into the pockets of people like the odious Odey it's coming from somewhere else, probably out of the NHS indirectly.
Chilco's basically said it but just to have it stated, the rich use investments rather than actual betting. Even though they are often very similar in principle. So if you mean the amount bets made betting companies, then that's likely not going to be the rich. Currency exchange is a decent indicator of where they are putting their money on the moment to moment stuff When I talk about the rich making money though, it's more on long term investments and buisnesses.
The people who - allegedly - hope to make billions shorting the pound when we crash out without a deal, are not the same people framing the market on betfair, most of whom are just staking a few quid. So the betting odds don’t necessarily reflect the real likelihood of a specific outcome.
The betting market sees an extension or revocation of A50 by Oct 31st as the most likely outcome in the short term
The betting market does not expect the U.K. to leave without a deal this year... Are betting markets reliable guides? Well, as my old Nan used to say, you never see a bookie on a bike (but then, bookies don’t frame the market, punters do)
You say allegedly, but when people like the Prime Member’s own sister and the former Chancellor Philip Hammond are both saying it, it’s a reasonable assumption that there is a lot of truth in it!
Indeed. And any responsible media outlet ought to be investigating those allegations with the intention of exposing any such chicanery. But this is Britain in the 21st Century, so I’m not holding my breath.
I don’t think the Lib Dem’s will get a majority, and will just weaken the Labour vote allowing the potential for a Tory gain in unexpected seats, so unless there is a chance to unseat a Tory, I would hope that Labour supporters stick with their party. Labour, on the other hand, WILL give us the opportunity to vote for Remain, so in marginal seats like mine I would hope that Lib Dem’s would swing the vote in Labour’s favour.
This is dynamite. Further to what I posted earlier, this shows how YouGov sold hedge fund managers private poll data immediately after the close of voting in the referendum: https://www.bloomberg.com/news/feat..._aoBXSI8aItGdDtSv41UuVwNz1k4WOHYXOY_sh-wB6kuc
By the way, we should perhaps be concerned for the safety of our Prime Member. In Parliament last week when he said Get Brexit Done, we should have seen it was a coded anagram for Being Extorted!
It has to be a two way street though. I wouldn't suggest voting against Labour in seats they hold. I do think however that where the LD's are the challenger in Tory seats it is our duty to support them. This is the only way Pfeffel will be defeated.
And that’s true the other way round as well, particularly in Uxbridge, where if all Lib Dem voters switched to Labour, a certain Alexander Boris de Pfeffel Johnson could be unseated.
And for those of you (@Beddytare?) still thinking our future post-Brexit trading partners might include Australia, here’s former PM Julia Gillard to set you straight...