This article is from the source 'independent' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.independent.co.uk/news/world/europe/italy-referendum-result-matteo-renzi-resigns-euro-markets-pound-live-latest-updates-a7456041.html
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Italy referendum live: Europe in crisis as PM Matteo Renzi resigns after 20-point defeat - latest updates | |
| (about 1 hour later) | |
| Italian voters have rejected Prime Minister Matteo Renzi's proposed constitutional changes, raising questions over whether Italy will stay in the European Union and keep using the euro. | Italian voters have rejected Prime Minister Matteo Renzi's proposed constitutional changes, raising questions over whether Italy will stay in the European Union and keep using the euro. |
| Here are the latest updates: | Here are the latest updates: |
| Please allow a moment for the live blog to load | Please allow a moment for the live blog to load |
| Mr Renzi announced his resignation as the results came in, saying he takes full responsibility for the "extraordinary clear" 20-point defeat of his package of constitutional reforms. | Mr Renzi announced his resignation as the results came in, saying he takes full responsibility for the "extraordinary clear" 20-point defeat of his package of constitutional reforms. |
| Financial markets reacted immediately to the referendum result, as the euro fell sharply in value against the dollar. | Financial markets reacted immediately to the referendum result, as the euro fell sharply in value against the dollar. |
| It continued to fall upon Mr Renzi's announcement, at one stage hitting $1.0507, its lowest level since March 2015. | It continued to fall upon Mr Renzi's announcement, at one stage hitting $1.0507, its lowest level since March 2015. |
| The single currency slid the most since the aftermath of the Brexit referendum. The euro fell 1.3 per cent to $1.0524 just after midnight in Rome, the most since June 24. It earlier touched $1.0506, the lowest since March 2015. | The single currency slid the most since the aftermath of the Brexit referendum. The euro fell 1.3 per cent to $1.0524 just after midnight in Rome, the most since June 24. It earlier touched $1.0506, the lowest since March 2015. |
| Against the pound, the common currency slipped 0.76 per cent with one euro buying 83p. | Against the pound, the common currency slipped 0.76 per cent with one euro buying 83p. |
| The euro rebounded slightly to $1.0563 in morning trading on Monday, still down 0.96 per cent from Friday's close. | The euro rebounded slightly to $1.0563 in morning trading on Monday, still down 0.96 per cent from Friday's close. |
| There are concerns the "No" vote could boost the prospects of opposition groups who are against keeping Italy in the eurozone. | There are concerns the "No" vote could boost the prospects of opposition groups who are against keeping Italy in the eurozone. |