The Dollar slides ahead of the FED, employment in the UK drops the first time in a year.
The Japanese currency saw a muted response to the BOJ decision as the Australian Dollar surged on the RBA decision to hold off a rate change.
The British currency erased declines quickly as the governor squashed the hopes of those expecting a further stimulus. At the same time, the Oil prices tumbled and AUD rose immensely.
The borrowing costs remained at their historically low level at 0.25%
HSBC Economist Elizabeth Martins believes that it is too early to discount recession risks. It is important to see what will be the conditions UK quits EU and to what extent the country will retain access to the EU market.
The Friday payrolls data showed robust growth of the labour market in the US, which helps the local economy to regain confidence.
The indicators in the UK have all fallen sharply, in most cases to levels last seen in the financial crisis, and in some cases even to all-time lows.
The US Dollar edges up after dipping to a five-week low, but the FED president advised caution because of the global risks.
The Dollar is showing tremendous growth as it hikes to a four-month peak against all other major currencies.
In contrast to the 2008 turmoil Weale does not see panic rising in the financial markets.
Shares of different leisure and tourism companies, as well as, air carriers suffered the worst selloff, which was caused by the attack.
Robert Kaplan expects slow economic growth in the United States and other developing countries.