The results of British elections are "positive" in the short term as they eliminate uncertainty regarding Britain's exit process from the European Union, the European Central Bank's Vice-president Luis de Guindos said.

Guindos also said that the slowdown in the euro area had bottomed out amid signs of stabilisation in the bloc's economy as the scenario of a disorderly Brexit or a trade war between China and the U.S. had not materialised.

De Guindos made those comments a day after Christine Lagarde struck a more upbeat tone on the economy in her first news conference as head of the ECB and as Prime Minister Boris Johnson won a resounding election victory.