A projection from IPR for Mediaset TV shows the Centre-left ahead with 32% in the Senate compared to 29.7% for Berlusconi’s coalition. Oddly, Mediaset is owned by Berlusconi.

The euro is now rebounding.

Trading while the votes are being counted is a messy business. Full Senate results are expected in less than four hours at 2000 GMT, according to the Interior Minister. Full parliamentary results by 2300 GMT. It’s going to be a long day.