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Forex Flash: Italian yields fall on coalition hopes – Deutsche Bank

In Europe, Italian bond yields fell 8bps on the day to 4.734% on hopes that a coalition government will be formed. This comes on the back of news that flagged investors’ attention, in which the Finance Undersecretary Gianfranco Polillo said that a union between Bersani and Berlusconi was the 'only possible way'. According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “As we await for further clarity, Berlusconi is under investigation on suspicion of bribing a senator to change sides in parliament although his lawyer has denied the claim.”

Forex: GBP/USD testing the 1.5000 support

The GBP/USD pounding has not abated during European trading, falling below the 1.5000 level (1.4985 intraday minimum), albeit briefly during the American session Friday. At the time of writing, the pair is testing the 1.5000 level, having fallen over -1.03% off its opening.
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Forex Flash: GBP/USD would face further downside – Commerzbank

The sterling pierced the psychological 1.5000 handle for a few moments, although it still remains hovering over the area, as the bearishness continues to drive risk-associated assets to fresh lows, and...
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