Draghi's comments in Brussels:
- Recovery in Eurozone has gained momentum since the start of the year
- Expect recovery to proceed at a moderate but steady pace
- Investment levels unsatisfactory, EU level action needed
- Progress on a capital markets union essential to develop a favourable environment for productive investment
- ECB is ready for all contingencies on UK referendum
- Ready to act by using all tools available in our mandate if necessary
Dovish tilt from Draghi here but it's in line with the recent 'cautious but optimistic' approach.
