EU Commission not to open disciplinary action against Italy

Citing Italian news agency Radiocor, Reuters recently reported that the EU Commission has decided not to open disciplinary action against Italy.

The initial market reaction to this headline seems to be helping the shared currency gather strength against its major rivals. As of writing, the pair was trading at 1.1300, adding 0.15% on the day and the EUR/GBP was testing daily highs near the 0.8990 mark.