LONDON (Reuters) - Citi researchers said on Wednesday they believed Britain would vote on Thursday by a close margin to remain in the European Union but that such a close vote could still undermine political stability in both the United Kingdom and the 28-member bloc.
"We see a 60 percent chance that the majority of British voters will choose 'Remain' in the 23 June EU referendum," Citi said in a research note to clients. "A 'Close Remain' (our base case) could still undermine UK/EU political stability."
"A vote to 'Leave' would have major repercussions in global financial markets, the economy and politics, triggering substantial downward revisions of UK and European growth forecasts," Citi said.
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The implied probability of a vote to remain in the European Union was 75 percent, according to Betfair betting odds.
(Reporting by Guy Faulconbridge; editing by Michael Holden)