Extending the post-Jo-Cox-death rally, Cable has surged 75pips in early trading, back above 1.44 at 10-day highs, as bookmaker odds swing back higher. Based on “oddschecker” lines, “remain” now has an implied 75% chance of winning on Thursday…
GBPUSD is now 450 pips off the “Cox is Dead” headline bottom…
We saw a similar surge in Cable a week ago as Odds briefly jumped. For now, Sterling looks a little rich to bookies’ odds.
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