Labour on the charge

By Chris Shillington on 11 February 2010 at 10:05

For so long now the Conservatives have looked the winners of the next election at a canter. However recent polls and some modicum of media approval of the Prime Minister have lead to a rally for Labour.

The way it is worked on the spread betting front is that extrabet offer a next 'General Election Party Seats' market. This simply asks how many seats each party will win at the next general election. Simply Buy if you think the price will be higher and Sell if you think it will be lower.

With 650 seats in total to be won the market trades as follows

Labour 219-224
Conservatives 340-345
Lib Dems 54-57

So bad did it get for Labour that they traded as low as 197-203 last year.
However they are desperately trying to close the gap on the Tories . and succeeding. With continuous movements of a several seats in the right direction over the last few weeks their real aim is to try and manufacture a hung parliament. ie: Conservatives get less than 325 seats.

What is highly possible is that this trend of a return of favour for Labour may continue and maybe a Buy of their seats at 224 or a sell of the Conservatives at 340 is prudent. What is for sure is that the Tory stronghold of trading this market at 356-352 is long gone.

extrabet's Chris Shillington gives word from the trading floor
"6 months ago we couldn't find a Labour backer but now we've seen a surge of
Buyers on their Next General Election Seats"


TO WIN THE NEXT GENERAL ELECTION

Conservatives 1/10
Labour 11/2
Lib Dems 80/1

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