Trade in the pound has been highly changeable over the past couple of weeks as Bank of England (BoE) interest rate speculation has proven to be a double-edged sword for the currency.
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The US dollar enjoyed strong support through the second half of May, with the safe-haven currency being propelled to multi-month highs amid a prevailing risk-off mood.
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The latest interest rate decisions from the Bank of England (BoE), European Central Bank (ECB) and Federal Reserve have injected significant volatility into the currency market so far in May.