ECB governing council member and Austrian CB head in Der Standard 25 April

  • uncertainties over future US measures are worrying, US economy could be without orientation for a while
  • if US expands deficit to boost growth it could lead to higher long -term interest rates in Europe
  • fears about Brexit have been underestimated, many negative surprises could arise
  • does not expect extension of negotiation time frame
  • EU financial institutions wanting to operate in EU must have seat/supervision in EU

Nowotny being understandably cautious on both US and EU outlook in these uncertain times.

EURUSD still 1.0866 EURGBP 0.8497

ECB's Nowotny expressing concern and caution