Italian election update

There won’t be too definitive much out of Italy for a good while.

  • Polls close at 2200
    GMT … expect exit polls soon therafter

Decent indications
of results will likely not be clear until Monday midday, even into
the afternoon (Italian time).

What to expect?

A hung parliament
(i.e. no clear majority for anyone) and then wrangling to come. More here.

Meanwhile, EUR update:

  • EUR/USD 1.2349 and on its week’s (so far!) high and thereabouts. German government formation coming up providing some support for it. 

Grillo is calmly (not) awaiting exit polls 

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