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Germany’s BDI: Threat of hard Brexit remains high

The German industry association BDI’s Managing Director Lang was on the wires last hour, speaking to Reuters on the Brexit issue.

Key Headlines:

The threat of hard Brexit remains high.

The two sides will need many years to complete a comprehensive deal on trade and investments.

Will not be able to reach a comprehensive deal on future economic relations by March 2019.

EUR/USD retreats from weekly tops, upside seems capped

   •  USD rebound a bit on rising US bond yields.    •  Remains below 1.1675 broken support turned key hurdle. The EUR/USD pair finally broke down o
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ECB’s Nowotny: ECB rate rise won't be realistic prospect until 2019

Additional comments from the ECB policymaker Nowotny via ORF Radio are found below. Some ECB colleagues believe there's a danger that the costs of
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