Italian PM Renzi comment reported by Reuters 14 Nov

Italy will hold its referendum on constitutional reform on 4 Dec

Renzi says the reform will bring much-needed political stability to Italy and has repeatedly pledged to resign if voters reject his proposals to reduce the role of the upper house, the Senate, and rein in the powers of regional governments.

Most recent opinion polls have put the "No" camp ahead and that is helping to undermine the euro.

Currently EURUSD 1.0790 off its lows but on the back foot still. Elsewhere EURGBP back up to 0.8633 dragging GBPUSD down to 1.2491

Renzi - Down and out soon?