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.Earlier today, Bloomberg confirmed as much: Investors are piling money into bets on a victory for the “Remain” campaign, led by Prime Minister David Cameron. The pound has surged to a five-month high and European stocks just posted their biggest three-day gain in almost a year, with the U.K.’s benchmark index erasing its monthly decline. Bookmakers have shortened their odds on a vote to stay. As of now even global stock markets are in the green by a big upside in futures, currently the DJIA futures are plus 155. If the UK votes to leave today, it will spell turmoil for world investors who took a chance at the UK remaining. All these bets on the markets and typical gambling, are all being based on polls that have remaining up 4 to 10 points. If you play attention to polling numbers ever in your life, you know that most of them are based on low polling numbers of people and generally published by one sided audiences. If Brexit votes to leave, trillions could be lost across the world on this very day. What sweet joy it would bring to me if Brexit passes and stupid people loose trillions because of bets based on internet polls.
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