Euro stumbles as Italian election stokes political uncertainty

London

THE euro edged up from the day's lows but remained weaker on Monday as an inconclusive election in Italy pointed to prolonged political uncertainty after right-wing and eurosceptic parties did better than expected.

Italy's election verdict and the subsequent brief sell-off in currency and bond markets showed that political risks in the eurozone were back on investors' radars, though recent strength in its economy has made investors more tolerant of uncertainty than last year.