June 9, 2017 / 5:19 AM / 2 months ago

Citi says May likely to resign

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.Toby Melville

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

"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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