Big investors look to bookies for Brexit guidance - News Summed Up

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Big investors look to bookies for Brexit guidance


If the polls say one thing and the betting markets another, you should trust the betting markets, Vaughan Williams said. Big investors including Morgan Stanley, BlackRock and UBS have all turned to the gamblers for guidance on this seismic vote. ( BEN STANSALL / AFP/Getty Images )LONDON—To gauge whether Britain will vote to leave the European Union, the smart money is looking to the bookies. In the EU referendum, for example, there are no “safe districts” that can be used as bellwethers of opinion as there are in parliamentary elections. Bookies and investors agree that there is about a 60 per cent chance that U.K. voters will cast their ballots in favour of staying in the EU.


Source: thestar June 15, 2016 16:36 UTC



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