“Monetary policy must continue to balance two fundamental forces -– domestic strength and foreign weakness,” the Bank of England governor said at a press conference in London on Thursday. “The outlook for global growth has weakened since August. Many emerging-market economies have slowed markedly this year, and the committee has downgraded its assessment of their medium-term growth prospects.”
The economy of the 28-nation EU is set to grow by 1.9% this year, 2.0% in 2016 and by 2.1% the year after.
The dollar surged to a three-month high and European and Asian stock markets dipped on Thursday as expectations hardened of the first rise in U.S. interest rates in almost a decade coming next month.
Next Trading Day's Important Events
- USDJPY: 121.82
- EURUSD: 1.0884
- S&P 500: 2,102.31
- NASDAQ : 5142.5