Pound LIVE: GBP Sterling drops against euro as Italy ‘to BOW to EU pressure over deficit’

THE pound has dropped against the euro this morning on reports that Italy could bow to EU pressure by reigning in plans for a huge deficit budget. The Italian government had rattled markets after announcing plans to set out a deficit goal of 2.4 percent of GDP for the next three years, sparking backlash from European Commission officials.
Daily Express :: City and Business Feed

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