A general election is looking increasingly likely after the most recent Brexit clash in parliament.
The Conservative Party have this morning shortened into 1/6 to gain the most seats at the next general election.
That translates to bookmakers implying an 85.7% probability that the Tories gain the most seats. The already heavily odds-on favourites have been shortening steadily over the past month.
Labour, meanwhile, have drifted as far as 11/2 in places. That's a paltry 15.4% chance from UK bookmakers.
The latest movement in the market comes following Boris Johnson being forced to request a further extension to the Brexit deadline.
The Prime Minister, who said he would 'rather be dead in a ditch' than extend Brexit past the 31st October deadline, saw the terms of his withdrawal agreement met with yet more resistance in parliament over the weekend.
Despite winning last night's vote for the second reading of his bill, the rejection of the timetable is likely to prove the most significant factor.
Mr Johnson has said if the EU confirms a delay to Brexit until the New Year, he will push for a general election.
In response to this, there's been a significant move in the month of next election market. December 2019 as the month has shortened from 7/4 into odds-on at 8/11.
That's an implied probability of 57.9% that the UK goes to the polls in the final month of the year.
Oddschecker spokesperson Callum Wilson: "The Prime Minister may have won last night's vote, but a three month extension to Brexit looks like it could see the country turn to the ballot box.
"It seems a general election could be the only way to make any progress with Brexit. The Conservatives are heavy favourites to gain the most seats and should Mr Johnson achieve a majority win, his withdrawal agreement would suddenly have clout."
