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