Forex Flash: Italian politics strikes back – TD Securities

FXstreet.com (Barcelona) - In addition to headline risk from Cypriot politics, they may also be headlines surrounding Italian politics as Italy’s president has confirmed that discussions aiming to form a coalition will step up today. “With PD members being named to head both the Senate and the Chamber of Deputies last weekend, and subsubsequent comments from Berlusconi that there should be new elections, it looked like the chances of a PD/PdL coalition were falling, but on Tuesday Berlusconi has now said he thinks there should be a PD/PdL coalition, which for us would still be the most positive market outcome”, wrote analyst Alvin Pontoh, analyst at TD Securities.