The chances of a June exit are looking very likely, according to Bookmakers after parliament voted to give Prime Minister Theresa May the green light to seek a three-month extension from the European Union for Brexit.
Mrs May has a Brexit plan agreed with the EU, but twice not the idea has been rejected by MPs – who are not happy with the deal.
Despite two failures, a third and even fourth ‘meaningful’ vote on Mrs May’s plans are expected – which is another reason why an extension is required, as even if MPs agree the plan, just two weeks to finalise the departure is unlikely to be enough time.
She will also now ask the EU for a three-month extension to Article 50, which will mean going beyond the original exit date for Brexit which is March 29th – which would point to a June departure.
And Bookmakers now believe that should Brexit happy, a June exit is the most likely scenario.
OddsMonkey spokesman Peter Watton commented: “Mrs May is going to continue pushing her plan, we could very well see two more votes on that, but she has been told to go ahead and get a limited extension and because if that it is little surprise to see the odds on a June exit now at just 6/4 – the lowest they have ever been for that date.”
Selected odds on when Brexit will happen?
March 2019 – 15/2
Apr 2019 – Jun 2019 – 6/4
Not before 2022 – 5/2
Jan 2019 – Mar 2019 5
*Odds correct at time of writing
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