United Kingdom BoE Interest Rate Decision in line with forecasts (5.25%)

United Kingdom BoE MPC Vote Rate Hike meets forecasts (0)

United Kingdom BoE MPC Vote Rate Unchanged came in at 7, below expectations (8)

South Africa Manufacturing Production Index (YoY) declined to -6.4% in March from previous 4.1%

Ireland HICP (YoY) meets expectations (1.6%) in April

Ireland HICP (MoM) meets expectations (0.2%) in April

Ireland Consumer Price Index (YoY) dipped from previous 2.9% to 2.6% in April

Ireland Consumer Price Index (MoM) declined to 0.2% in April from previous 0.5%

Spain 5-y Bond Auction up to 2.974% from previous 2.848%

A Solana-based meme coin Doland Tremp (TREMP) posted over 100% gains on Thursday, before pulling back to $0.6750.

The Pound Sterling (GBP) extends its downside to 1.2470 against the US Dollar (USD) in Thursday’s London session.

AUD/JPY continues its winning streak that began on May 2, trading around 102.50 during the European session on Thursday.

The Mexican Peso (MXN) is trading down about a quarter of a percent against US Dollar (USD) on Thursday ahead of key inflation data and the Bank of Mexico (Banxico) policy meeting, scheduled for later in the day.

USD/JPY continues its winning streak for the fourth successive session, trading around 155.80 during the Asian hours on Thursday.

XRP is ranging below $0.53 on Thursday as investors continue to digest the recent developments in the legal battle between Ripple and the US Securities and Exchange Commission (SEC).

The USD/CHF pair trades on a stronger note around 0.9085 during the early European session on Thursday.

Here is what you need to know on Thursday, May 9: The US Dollar (USD) exhibits strength against its rivals in Thursday’s early London session as Federal Reserve (Fed) policymakers remain convinced about resilient United States economic prospects and lacks confidence over inflation declining to the desired rate of 2%.

The Bank of England (BoE) is set to hold its policy rate flat for a sixth meeting in a row on Thursday amid persistent disinflationary pressure in the UK and investors’ repricing of interest rate reductions earlier than anticipated.

The EUR/GBP cross extends its upside around 0.8605 during the early Europen trading hours on Thursday.

GBP/USD extends its losing streak for the third successive session, trading around 1.2490 during the Asian session on Thursday.

Japan Leading Economic Index above forecasts (111) in March: Actual (111.4)

Japan Coincident Index up to 113.9 in March from previous 111.6

NZD/USD has extended its gains for the second consecutive session, trading around 0.6010 during the Asian session on Thursday.

Gold price (XAU/USD) trades with a positive bias on Thursday amid the absence of top-tier economic data releases at mid-week.

EUR/USD could extend its losses for the third successive session, trading around 1.0750 during the Asian session on Thursday.

China's Trade Balance for April, in Chinese Yuan terms, came in at CNY513.45 billion, widening from the previous figure of CNY415.86 billion.

China Trade Balance CNY rose from previous 415.86B to 513.45B in April