Eurozone crisis rears its head again with prospect of new elections in Italy and vote of no confidence in Spain

Italian bond yields have jumped on the political turmoil engulfing the country, with the two year yields rising above 1% for the first time since 2014.

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The euro continues to come under pressure, falling to its lowest level since November 2017 against the dollar.

It is down 4% so far this month at $1.159, and is also at a new six and a half month low against the Swiss franc. It has fallen 0.1% against the pound.

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