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It said the move allows for any future BoE base rate moves.
Investors have been pricing in a whole string of rate moves in coming months.
"When the labor rate moves up, what happens to those people who don't have a skill?
Earlier this year, Mr. Trichet clearly flagged rate moves in advance.
Mr. Paulsen likens downgrades to interest rate moves by the Federal Reserve.
Using the USD value means prices can be skewed by currency fluctuations and interest rate moves.
Similar(7)
But that was based on an assumption that policy would remain unchanged, in other words, there would be no tax cuts or interest rate moves to shore up the economy.
The only forecasts that the Fed's interest-rate moves could have helped were for industrial production.
The krone is pegged to the euro, with Copenhagen copying interest-rate moves in Frankfurt.
Shares in financial companies, which are particularly sensitive to interest-rate moves, have been hit hard.
And it has become even more difficult as stock investors have intensified their focus on the Fed's interest-rate moves.
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