S&P cuts Italian 2019 GDP estimate to 0.1% vs. 0.7% previous

The US-based ratings agency, Standard & Poors (S&P), in its latest review on the Italian economy, cut Italy’s GDP growth estimate for 2019 to 0.1% vs. 0.7% previous.

The Euro ignored the downward revision to the Italian growth forecast, with EUR/USD keeping its range near 1.1360 region amid higher Treasury yields and US dollar.