LONDON: Speculators convinced the eurozone faces fresh instability have zeroed in on Italy’s constitutional reform referendum on Sunday, amassing huge bets on a slump in Italian banks and bonds should Prime Minister Matteo Renzi lose the vote.
Blindsided by skewed bookmakers’ odds and equivocal opinion polls, financial markets ended up on the wrong side of Britain’s vote to leave the European Union in June and Donald Trump’s surprise US election win last month.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!