Following last week’s recovery amid signs of stability in Italian politics, the euro traded mixed lower against the other G10 currencies on Monday. The pound was the worst performing currency even after the better-than-expected construction PMI. Today, focus for GBP-traders turns to the services index. Overnight, another RBA meeting ended with no fireworks.
Italy’s New Government Faces Confidence Vote; GBP-Traders Await for Services PMI
Following last week’s recovery amid signs of stability in Italian politics, the euro traded mixed against most of the other G10 currencies on Monday. It underperformed against SEK, NOK, NZD and AUD, while it gained against GBP, JPY and CHF. The common currency traded virtually unchanged against USD and CAD.
Last week, the Five Star and League parties agreed to resurrect a coalition, averting the scenario of new elections. Today, the government will face a confidence vote in parliament, and with the two parties...
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