iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

U.K. BREXIT Bookmakers Sway Markets, A Global Rally is Underway

This is the height of all stupidity. If there was a pecking order and the dumbest shit ever was at the top, this would be the crown jewel.

Japanese markets are higher by 2%. U.S. futures are higher by 150. Crude is higher by 1%. The British fucking pound is mauling the dollar, up 1.5%. The yen is lower and so are bonds and gold.

Why?

Because some guys in the UK, with smashed upped noses and cigars shoved in their mouths are betting the U.K. will not leave the EU.

Bookmakers’ odds of the U.K. voting on June 23 to exit the 28-nation bloc fell to about 32 percent Sunday, with the poll from Survation for the Mail on Sunday newspaper showing 45 percent of people backed the “Remain” camp, while 42 percent supported “Leave.” The opinion poll is the first since the killing of pro-Europe lawmaker Jo Cox last week.

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18 comments

  1. Frog

    I wonder what makes the bettors think they know what will happen?

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    • cascadia

      I’m impressed in the weighting of that poll (only a sample size of 1k, via mobile phone).
      The betting market now says there is a 68% chance of B-remain?
      That’s a big swing from last week’s polling from an array of sources- which showed Brexit tied or leading…

      Bull trap in the make?
      Doesn’t rule out a melt up after Brexit though, regardless of outcome.

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    • joyous__ending

      Odds are based on money flow. Just like stocks.

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  2. probucks

    I thought front running in Europe was the only way they can make make money now….

    I’m selling rips though

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  3. one-eighty

    My official prediction:
    remain 50.4%
    leave 49.6%

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  4. StevieG

    wtf is a smashed upped nose?

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  5. Spx2300

    That’s a lot of hate in just one blog post. Got burned from the rally?? Haha

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  6. Jamie Fallon

    Brexit should have to win 2-1 for it to be considered, since leaving would be such a stupid thing to do.

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