Markets move sharply after the reports from Downing Street

With the dramatic news this afternoon that a November is off there’s been a lot of activity on the various general election betting markets. In addition there was a report by Nick Robinson on the BBC that a poll of marginals would show that Labour could lose power.

There are no details on that but it has forced the Labour spreads right down on the spread markets. The latest from Spreadfair has CON 243-252: LAB 310-334: LD 47-49.5

The critical thing is just how damaging this will all be to Brown. My guess is that getting the news out early will take some of the sting out of it.

Mike Smithson