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The victory of eurosceptics
On Sunday the 4th of December Italy held a constitutional referendum. It was held in connection with the constitutional reform proposed by the government of Matteo Renzi in 2014. The amendments proposed reducing in the number of senators in the parliament and transferring some of the powers to the regional councils and the president.
The voting majority voted down the amendments. Renzi announced on Tuesday that will tender his resignation to Italian President Sergio Mattarella.
This event had a significant impact on the financial world. Investors are now becoming more skeptical of the common European currency and other European assets. So Monday morning we saw a dramatic weakening of the euro against the dollar.
The most popular tool of the currency market- EUR/USD available for trading on all major types of accounts offered by FIBO Group.
On Sunday the 4th of December Italy held a constitutional referendum. It was held in connection with the constitutional reform proposed by the government of Matteo Renzi in 2014. The amendments proposed reducing in the number of senators in the parliament and transferring some of the powers to the regional councils and the president.
The voting majority voted down the amendments. Renzi announced on Tuesday that will tender his resignation to Italian President Sergio Mattarella.
This event had a significant impact on the financial world. Investors are now becoming more skeptical of the common European currency and other European assets. So Monday morning we saw a dramatic weakening of the euro against the dollar.
The most popular tool of the currency market- EUR/USD available for trading on all major types of accounts offered by FIBO Group.