Market sentiment has been rattled early on Monday morning as the “No” victory in the Italian referendum has prompted the resignation of Prime Minister Renzi hitting the euro and bringing political risk back to the forefront of traders’ minds. The euro has been hit initially by the result, but this was a result that to an extent had been foreseen (yes, the opinion polls actually got one right) and this could help to contain the selling pressure. However, the result of the Austrian Presidential election showed that the populist movement is not having it all its own way as the left leaning former leader of the Greens ... (full story)