The euro has slipped a little this morning as more news emanates from Italy re: its proposed 2019 budget. In an interview with Bloomberg, Deputy Prime Minister, Luigi Di Maio indicated he was willing to play hardball with EU policymakers in an effort to get his coalition government’s proposed budget pushed through. The new administration is hoping to implement a lower, flat tax rate and is hoping some flexibility will be granted by the EU with regards to a loosening of rules re: deficits to get the proposals enacted. Away from Italy it’s another quiet day from euroland with no data due this week, or indeed next. GBP/EUR remains depressed, falling to its lowest level since October 12th 2017 this morning. It currently trades 1.1095 after hitting 1.1072 earlier this morning.