UBS Plays Down Chances Of Britain Leaving EU

UBS Plays Down Chances Of Britain Leaving EU by Matthew Allen, Zurich – swissinfo.ch

Britain has about a 30% chance of exiting the European Union when its citizens vote on June 23, according to economists at Switzerland’s largest bank UBS. Even if a Brexit occurs, the impact on Switzerland and the franc would be minimal, they conclude.

Presenting the findings of its research to reporters in Zurich on Wednesday, UBS predicted that around 55% of British referendum voters would come out in favor of staying in the EU. Although opinion polls indicate a much closer vote, UBS believes that the 15-20% of people who are currently sitting on the fence are more likely to end up voting for no...