Something Strange Emerges When Looking Behind The “Brexit” Bookie Odds

from Zero Hedge

Two days ago we pointed out something surprising: according to Ladbrokes’ head of political betting, Matthew Shaddick, the key catalyst that moved bookie odds on Monday morning, the first day after the suspended campaign in the aftermath of Jo Cox murder was resumed, “we took a £25,000 bet on Remain this morning which helped move the odds in their direction.” This in turn unleashed a global asset surge, as markets rebounded on expectations the Leave campaign was losing momentum, even as actual polls – still neck and neck – did not validate such an observation.

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