EUR to trade with a negative bias ahead of the Italian referendum - ING

Research Team at ING, expects the EUR to trade with a negative bias ahead of this weekend's Italian constitutional referendum (Sun).

Key Quotes

“A “No” vote would see an initial knee-jerk move lower in EUR/USD towards the 2015 low (1.0458). Short NOK plays look attractive this week given oil price volatility and rising EZ political risks; a relative lack of UK focus means that we see value in long GBP/NOK (target 10.90).”