Obama Effect? Brexit Odds ‘Take A Beating’ After President’s Intervention

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Political betting odds on the UK voting to remain in the European Union (EU) have shortened once more in the wake of U.S. President Obama’s controversial intervention in the referendum debate. The British-based gambling company, Ladbrokes, has reported that after “money poured in over the weekend” backing a Remain result in June’s EU referendum, Brexit odds “took a beating.” At the same time the British pound to dollar rate rose to a near six-week high against the euro as markets were calmed by opinion polls showing a lead for the Remain campaign. According to Ladbrokes, the odds on the UK voting to leave the EU are now 11/4, with the betting company’s referendum barometer placing Brexit at just 26 per cent — one of the lowest points yet. Brexit chance hits new low of 26%, according to latest odds.https://t.co/BF49Af9xBN pic.twitter.com/m6vJAicETX — Ladbrokes Politics (@LadPolitics) April 25, 2016 The market in Brexit odds shifted after President Obama expressed his opinion on the referendum debate during his fifth visit to the United Kingdom, as reported extensively by Breitbart London. This will have been helped by the fact his pro-remain advocacy was later supported by a spokesman for the current Democratic Party presidential candidate frontrunner, Hillary Clinton, who said: “Hillary Clinton believes that