Lots Of Talk About The Brexit, But What Do Traders Think?

The Brexit debate, arguing whether the United Kingdom should exit the European Union, sparked again Monday morning after notable warnings from the financial sector were announced. The Bank of England and the British Treasury announced they were against the Brexit, claiming it would significantly harm future economic growth.

Related Link: Brexit Prep With ETFs

Will These Warnings Influence The Probability Of A Brexit?

Traders on Predictit.com, a betting and speculation website available to the masses, did not see any significant downside from the move. The probability of Brexit is priced at 27 cents, which means the market views a Brexit probability at 27 percent, down one percent from Sunday. The probability of a Brexit has in fact experienced a long-term, slight downtrend over the past 90 days.

For ways to play this trend, consider Guggenheim CurrencyShares British FXB, iShares Trust EWU or the predictit market shown above.