There's now a 40% chance of the UK leaving the EU say the bookies

So say Ladbrokes the bookmaker. The story has been doing the rounds today that Ladbrokes have cut the odds of the bet that the UK votes to leave the EU in the upcoming referendum

The odds were originally 6/4 but have been cut to 11/8

The odds for voting to stay is currently around 1/2

The story has been hitting the main news wires and newspapers in the UK but it looks more like the bookies are just stoking up interest and business . The change in odds is marginal and Ladbrokes last 5 prices have been 11/8, 6/4, 13.8, 7/4 & 15/8

Ladbrokes head of political odds tried to stir the pot further by saying that the vote in England is almost too close to call;

"The polls and the odds suggest this could be a photo-finish."

Right now this news isn't really important but it will be later next year as we head closer to the referendum in 2017. It's going to give us a great GBP trading opportunity to trade against the fear that will no doubt be drummed up by our unbiased and moderate press ;-)

One to keep on the back burner for next year

Snapshot of UK/EU referendum betting