-*follows Moody's two notch Italy downgrade to BAA2 (at 23:29GMT)
-0.7915 threatened again in Asia (pre-Moody's news). Thurs high: 0.7913
-Bids tipped at 0.7870-80 (Thurs low was 0.7882; Wed low was 0.7871)
-Rally selling remains in vogue re: EZ crisis. Option barriers 0.7850 & 0.7825






