Pound euro exchange rate: Italian 'Quitaly' fears help GBP/EUR recover from 10-year low

The pound euro exchange rate edged higher today, with the pairing fluctuating around €1.080 as Eurosceptic Italian Interior Minister, Mateo Salvini, continues to push for a snap election, further exacerbating political turmoil in the European Union. Italy’s former Prime Minister Enrico Letta has also warned that Matteo Salvini could withdraw Italy from the EU: “One day, he can say he wants Europe, the next that he wants to leave.

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