US dollar volatile as currency markets adjust
The second half of October brought more volatility as investors tried to gauge whether another Federal Reserve interest rate rise was on the cards.
The second half of October brought more volatility as investors tried to gauge whether another Federal Reserve interest rate rise was on the cards.
The pound trended broadly higher over the past couple of weeks as some stronger-than-expected UK data releases bolstered Bank of England (BoE) interest rate expectations.
After a chaotic start to the month amid a crisis in the banking sector, the currency market stabilised in the second half of March as contagion fears eased.