The U.K. looks like it will probably vote to remain in the European Union, and that means there will be a rally around the globe on Friday, said Howard Lutnick, CEO of Cantor Fitzgerald and BGC Partners.
"It's just good for business. It's a rally for the pound, a rally for the U.K. stock market, a rally for Europe. It's a rally all around. Maybe for us, the Treasurys should probably come off a bit, because there was sort of a flight to quality," he said in an interview with CNBC's "Closing Bell" on Thursday.
Britons voted Thursday on whether to leave the European Union. Polls closed at 5 p.m. ET.
While Lutnick thinks the vote will be to stay, he said a vote to leave would create a great opportunity for investors.
"We love volatility, so we would have been really happy if they exited, because it would have created a lot of excitement, a lot of movement."
Meanwhile, if the stay vote comes to pass, that means one more piece of good news will spur the Federal Reserve to hike interest rates, Lutnick thinks.
The central bank opted not to raise rates during its June meeting after a dismal jobs report for May.
The U.S. created just 38,000 jobs in May, according to the Labor Department. Wall Street was expecting a payroll growth of 162,000.
"They wanted to do it now, but that jobs report in May really just made them a little nervous. They're just looking for one more shot of good news," said Lutnick.
While a July hike is on the table, he thinks the Fed will likely do it in September.