"With the news that Andrew Gwynne is expected to step down, Andy Burnham's odds to take over as Labour leader have been halved from 6/1 to 3/1. We have seen a surge of support for Burnham with a whopping 76% of bets backing the Greater Manchester Mayor to become the next Labour leader."
"With the news that Andrew Gwynne is set to stand down as MP, Andy Burnham has emerged as the new favourite to lead the Labour party."
"76% back Burnham for Labour leader (last 4 hours)."
"Burnham 3/1 from 6/1."
Andy Burnham's odds to become Labour leader have been cut from 6/1 to 3/1. Seventy-six percent of bets placed in the last four hours back Burnham. Andrew Gwynne is expected to stand down as MP, prompting increased market support for Burnham. The Greater Manchester Mayor has emerged as the new favourite to lead the Labour party. Oddschecker reported the odds halving and described the surge of backing in recent hours. The betting movement reflects a rapid shift in market confidence following Gwynne's anticipated resignation and concentrated punter activity over a short timeframe.
Read at London Business News | Londonlovesbusiness.com
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