Morgan Stanley says the chancesof "Brexit" is 35%, but if it happens British economic growth would fall to 1% the following year

  • Stocks would lag their European and global peers by 10-20%
  • Less foreign investment in Britain
  • Slowdown in consumption
  • GBP would fall further 5% against the dollar
  • Sterling's weakness would help fuel a short-term run up in inflation above 2%

Sounds like its written by Chicken Little not MS. Tee-hee.

Reuters have more

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There is no date set yet for the referendum