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Euro skids to a 20-month low on Rienzi's resignation; all eyes on EU Central bank

Monday, December 5th 2016 - 11:06 UTC
Full article 5 comments

The Euro skidded to a 20-month low after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country's shaky banking system. Renzi's defeat deals a body blow to the European Union already reeling under anti-establishment anger that led to the shock exit of UK from the club in June this year. Read full article

Comments

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  • Briton

    They say, this morning the pound rose against the Euro,
    best rise in four months,
    so they say.

    Dec 05th, 2016 - 02:49 pm - Link - Report abuse 0
  • ChrisR

    @ Briton

    It was U$D 1.2743 / GBP.

    If the Remoaners would STFU, May sack Carney and Hammond, raise interest rates and get on with a hard Brexit it would be 1.5 / 1.6 to 1 GBP in a couple of weeks and continue up.

    The difference with closet experts that you see on here is I put my money where my mouth is.

    I was marginally wrong in calling the low point, it never got to 1.2. :o)

    Dec 05th, 2016 - 05:40 pm - Link - Report abuse -1
  • The Voice

    Schäuble says Greece Must Reform or Leave Eurozone

    Dec 05th, 2016 - 09:54 pm - Link - Report abuse 0
  • Briton

    Greece has been slipping for years, and now, like a druggy, to dependent on the Evil EU,
    the EU wont let Italy slip from its grasp,

    Who will be next one wonders.

    Dec 06th, 2016 - 01:16 pm - Link - Report abuse 0
  • Voice

    ChrisR
    ...and what was the dollar to pound rate before the Brexit vote...?
    Thank you for raising my US property tax rate to almost UK levels...

    Dec 06th, 2016 - 01:46 pm - Link - Report abuse 0

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