The latest from Sky Tv shows the bunga bunga centre-right ahead with 31.7% compared to the centre left at 29% and Grillo at 25.1%.

In the key senate race in Lombardy, Berlusconi is ahead 34.6% to 31%, according to a projection on LA7.

The Italian stock market is now up 0.9% after gaining 4% earlier.

FTSE MIB 5 mins

This is probably not a good time to be long the euro.