Is there any value on the general election markets?
Does the chart say it all? It is some time since this chart, showing how punters are assessing Labour and Tory chances of winning most seats has been featured here. It illustrates the changing views of the main parties chances based on the price available on Betfair converted into an implied probability. The steep Brown bounce is there for all to see and the issue is whether the Labour price will harden even more as the party consolidates its poll…