General Election 2017

May surprised everyone by calling a snap election in June this morning. We have a quick look at how the markets have settled down after the first few hours.

The first polls are out, and its no surprise to see the bookies going very short about a landslide conservative victory. They are as short as 1/12 to win the most seats and no longer than 1/5 to do so with a majority.

Labour can be backed at 12/1 to win most seats, but have been relatively friendless in the market, and continue to drift - suggesting that whilst there might be plenty of small bets being thrown at them, its not significant enough to have the layers worried.

Most incredibly, Lib Dems are into 16/1 with some firms - quite interesting for a party whose entire parliament representation could fit in a decent size people carrier. They will be putting themselves out as the remain party, but quite what we'd be voting for there is difficult to understand.

Con: 46% (+2) Lab: 25% (-1) LD: 11% (+ 1) UKIP: 8% (-3) Green: 4% (n/c)

Source ICM

What do the public think about the decision?