The British pound climbed against the U.S. dollar on Friday to recover some of the losses it had yesterday and trade near the highest level in about one and half year.
It was a dramatic week, volatile and interesting. One of the few and rare weeks in the market, when it was easier to make money than to lose.
On Thursday, European stock markets continued a downward trend, amid a strengthening euro and expectations of a press conference by the head of the European regulator.
The bitcoin price dropped to the lowest level in two days on Friday as the virtual currency grappled to maintain its upward momentum, without a steady success.
As we expected by the middle of the week, volatility of the foreign exchange markets increased significantly.
On Wednesday, European stock indexes were down amid an impressive rally in the European currency, followed by the British pound and the Swiss franc.
The euro rose against the U.S. dollar on Thursday to post a small gain on support from positive business activity data that was released earlier today in Germany.
Asian stock markets traded mainly lower on Thursday as the greenback extended its path to the downside following remarks by Treasury Secretary Steven Mnuchin from Davos.