Austria's Schelling says ECB should end negative interest rates

Austrian finance minister Schelling on the wires 20 Oct

  • ECB should take foot off the accelerator on APP
  • ECB shouldn't pull emergency brake on QE
  • will put himself forward for head of Eurogroup if remaining as minister in next govt
  • Luxembourg, Slovakia, and France in race for that position too

Schelling is addressing a group of retail investors in Vienna

EURUSD still around 1.1800 with large option interest there today but EURGBP heading down still at 0.8984 and lifting GBPUSD back up to 1.3135

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