Gamblers Reject Brexit as S&P Gives Ratings Cut Warning

Bookies and gamblers are strengthening in their conviction that the U.K. will opt to remain in the European Union, as polls show a swing away from a so-called Brexit. Ladbrokes Plc said late on Monday that the odds on a “Remain” vote had shortened to a 2/7 chance, indicating a 74 percent probability. Some 95 percent of all referendum wagers in the previous 24 hours had been placed on voters rejecting Brexit. S&P Global Chief Rating Officer Moritz Kraemer discusses with "On the Move" host Guy Johnson in London and Caroline Hyde in Berlin.

U.K.'s May Calls for Two-Year Brexit Transition Period
05:52 - U.K. Prime Minister Theresa May speaks in Florence, Italy on the need for a period of implementation after the nation leaves the European Union. (Source: Bloomberg)
  • U.K.'s May Sees 'Concrete Progress' in Brexit Talks
  • New Europe Must Inform U.K.'s Brexit, Says Studzinski
  • Full Show: Bloomberg Daybreak: Americas (09/21)