A seismic shift in the German political landscape 25 Sept
The euro opened lower in Asia but then recovered some poise seemingly brushing off the appearance of a far-right party in the German Bundestag for the first time since the end of WWII.
The protest vote against Merkel's immigration policy leaves the conservative CDU/CSU with its worst result in almost 70 years but will remain the largest in parliament.Its current coalition partner, the social democratic SPD, says it will go into opposition after historic losses.
For Europeans the sea-change is one that's grabbing a lot of media attention and we wait to see what markets will make of it.
So far we've seen a small retreat in the euro with EURGBP down to 0.8809 from 0.8825 which has given GBPUSD a lift up to 1.3547 after a wobble of its on Friday following May's Brexit speech.
EURUSD 1.1928 after failing to get back above 1.1940 after the gap lower to 1.1898
Here's the provisional official election outcome:
The BBC has more here
