Citi: the likelihood for Brexit increases

Market news

23 February 2016

Citi: the likelihood for Brexit increases

Citi said on Monday that the likelihood for Brexit increased to 30-40% from 20-30%, adding that investors would become nervous.

"The effects of Brexit, if it happens, are likely to be large and painful in economic and political terms, both for the UK and the overall EU," UK economist at Citi, Michael Saunders, wrote.

Germany's Bertelsmann Foundation’s study: a Schengen collapse could cost up to €1.4 trillion or 10% of GDP between 2016 and 2025

Italian Prime Minister Matteo Renzi: Brexit would hurt more Britain than the EU

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