'Brexit' odds shorten as London mayor Johnson supports 'out' campaign

'Brexit' odds shorten as London mayor Johnson supports 'out' campaign

TOBY MELVILLE

The bookmaker said the odds of a British exit had improved to 2/1 from their previous price of 12/5. Johnson had also become favorite to be the next leader of the Conservative Party when Cameron decides to step down, they said.

The BBC reported Johnson's decision to back a British exit from the bloc at a June 23 referendum without citing sources ahead of an official announcement expected around 1700 GMT (1200 ET). One source with knowledge of the decision confirmed to Reuters that he would back the 'out' campaign.

(Reporting by William James; editing by Guy Faulconbridge)

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