June 9, 2017 / 5:19 AM / a year ago

Citi says May likely to resign

LONDON (Reuters) - Citi said British Prime Minister Theresa May was likely to resign after she failed to win a majority in the election.

Britain's Prime Minister Theresa May waits to speak after retaining her seat at the count centre for the general election in Maidenhead, June 9, 2017. REUTERS/Toby Melville

“A period of political uncertainty lies ahead,” Citi said in a research note.

“Following what is widely regarded as a poor campaign and failure to translate a strong lead in the polls into a larger majority in the Commons, we expect May is likely to resign,” Citi said, adding that a new election was possible.

Reporting by Guy Faulconbridge; editing by Andy Bruce

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