Odds move sharply towards Britain staying in EU cut after Obama warning

The implied probability of a vote to remain in the June 23 referendum rose several percentage points to about 75 per cent.

Update: 2016-04-25 09:51 GMT
President Barack Obama speaks during the opening ceremony of the Hannover Messe Trade Fair in Hannover, Germany. (Photo: AP)

London: Betting odds have moved sharply in favour of Britons voting to remain in the European Union after US President Barack Obama cautioned last week against leaving the 28-member bloc.

The implied probability of a vote to remain in the June 23 referendum rose several percentage points to about 75 per cent, according to live odds from bookmaker Betfair.

Ladbrokes' betting barometer, which is based on live odds, indicated on Monday a 73 per cent chance of Britain voting to remain.

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