- The results of the Italian election will start emerging around 15:00 GMT and volatility will probably pick up in the EUR after that.
- EUR/GBP and EUR/JPY real money flows are expected to be EUR positive in the wake of the UK downgrade and the presumed anointment of the new BOJ Governor. Not sure I completely buy into this argument one way or the other but that’s what the market is chattering about.
- Comments from Moody’s that the EC lowering growth forecasts is credit negative.
(I still can’t believe that these ratings agencies have so much power after they showed their true colours during the GFC!).