SBC News Paddy Power - Odds improve on Brexit deal agreement by 2019 deadline

Paddy Power – Odds improve on Brexit deal agreement by 2019 deadline

A crucial EU summit kicks off today, with the UK government and 27 heads of EU member states’ seeking to make progress on the ‘Brexit agenda’, as the Conservative government aims to meet its target ‘March 2019 exit deadline’.

Desperate to start negotiations on trade matters, tonight PM Theresa May will address EU peers on Britain’s exit strategy at a dinner in Brussels.

Ravaged by the UK media two-weeks ago for her ‘disastrous’ Tory Party Conference closing speech, PM May appears to have made ‘a breakthrough’ on Brexit discussions this week, following a ‘working dinner’ with EU Chief Commissioner Jean-Claude Juncker, in which parties’ are reported to have agreed to ‘accelerate negotiations’.

Revising its Brexit markets, Paddy Power currently prices ‘evens’ that no Brexit agreement will be reached by the 2019 deadline, having previously made that eventuality odds-on at 5/6.

Further good news for May, sees the bookmaker increase her chances of negotiating Brexit as PM, cutting May’s Tory Party leadership price from 9/4 to 2/1. Nevertheless, Paddy Power still holds odds-on 4/11 that two or more different Prime Ministers will be involved in the negotiations.

A strong showing by May in the EU Summit will be needed to ensure her survival as Party Leader.

Though, relationships are thought to have improved, talks still remain at stage one, with the UK and EU still to agree on the basic outline of an exit deal, on key negotiations relating to Northern Ireland’s borders, EU and UK citizens rights and just how big a divorce bill the UK will be forced to pay.

SBC News Paddy Power - Odds improve on Brexit deal agreement by 2019 deadline
Paddy Power

Spokesman Paddy Power said: “Fans of Deal or No Deal will be delighted to see the show relaunched in a continental form.

“David Davis is a straighter Noel Edmonds, Boris Johnson a more irritating Mr Blobby, and Theresa May the indecisive contestant.

“But, as with the daytime telly gold, even the most hapless contestants can win, and May suddenly looks capable of landing the jackpot – if, by jackpot, you mean huge Brexit bill.”

Paddy Power – Brexit Betting Markets

  • 4/11       Two or more different UK Prime Ministers to be involved in Brexit negotiations
  • Evens    No Brexit deal to be reached before April 1st 2019
  • 2/1         Theresa May still to be PM when the UK leaves the EU
  • 9/4         Next UK General Election to take place in 2018
  • 4/1         The UK to apply to rejoin the EU by 2027
  • 7/1         Another EU referendum to be held before the end of 2018

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