Fed.
The Fed next meets to set policy in June.
The Fed raised interest rates on Wednesday and forecast at least two more hikes in 2018, contrary to three more increases most market watchers expected.
The pound extended its overnight rally and rose to a near seven-week high of $1.4171.
The Fed’s last round of economic projections in December pointed to three rate increases this year.
The dollar continued its rebound from three-year lows on Tuesday, having recovered 1.5 percent since Friday.
Asian shares gained on Monday, joining a global recovery for equity markets as sentiment improved gradually from a recent shakeout.
World stocks lost some of the shine provided by Boeing’s strong results as the dollar fluttered on Wednesday.
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