The US Dollar remains firm in its bullish move against the Ringgit on Thursday and is now trading at 4.6280. Markets have been extremely volatile recently due to Europe’s energy shortage situation. The picture got even worse when the Bank of England (BOE) saw bond prices unexpectedly jump earlier, causing the GBPUSD to move nearly 3.5% today. This forced the BOE to take emergency measures, buying as many UK government bonds as needed to maintain prices on the line. An exaggerated volatility can start a ripple effect and bring down the market in a harmful way. This type of move could erase billions of dollars in a matter of minutes in the stock market. Although England’s economy is not directly related to Malaysia, this still represents an additional element of uncertainty on the global stage, as the Bank of England is notably recognized as one of the strongest financial institutions on the planet. In the face of uncertainty, investors tend to overreact, selling any risky and recurring assets to the well-known safety of the US Dollar.