business

breaking news Italy goes to the polls on Sunday


The risks for the financial markets will not stop over the weekend.

Italians go to the polls on Sunday and the latest polls put Giorgia Meloni’s Brothers of Italy party at 25%, around double the League and in position to eventually form a right-wing super-majority in parliament.

She toned down populist rhetoric after taking the lead in the polls, but markets will be watching whether her performance is better or worse than expectations for a signal about the direction the political winds are blowing in Europe.

EUR/USD just touched a new 20-year low at 0.9727, down 100 pips on the day.


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