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Markets caught in limbo ahead of Brexit vote

Countdown to Brexit ... or not
Brexit vote: Brits weigh in
Guy on the street: What is Brexit?

Wall Street is battening down the hatches as Britons head to the polls Thursday to vote on whether to leave or remain in the European Union. Ahead of an uncertain result — and an uncertain reaction in global markets — U.S. stocks will likely stay in a tight range.

"People are going to try to speculate as to what the outcomes are going to be, but I think most people are going to be sitting on the sidelines until it happens," said John Bredemus, vice president at Allianz Investment Management.

"I think markets have priced in; most of it's not going to occur. I do think if there's Brexit, they do vote to leave, there's going to be some flight to quality, " he said.