Geoff Yu at BNY argues that the Pound’s (GBP) resilience cannot rely solely on higher rate expectations as United Kingdom (UK) political uncertainty and prospects of fiscal loosening weigh on gilts.

According to a White House official, the meeting between United States (US) President Donald Trump and Chinese leader Xi Jinping was “good” and they both discussed ways to enhance economic cooperation, Reuters reports.

NZD/USD moves sideways after three days of losses, trading around 0.5930 during the European hours on Thursday.

Rabobank's Global Strategist Michael Every notes Europe’s evolving role in global finance as Euroclear considers accepting China onshore bonds traded in Hong Kong as collateral.

UOB economists Quek Ser Leang and Lee Sue Ann keep a cautious stance on GBP/USD after the pair briefly broke below 1.3490 to 1.3485 before rebounding. For the next day, they expect consolidation between 1.3500 and 1.3560 as downside momentum eases.

Deutsche Bank analysts highlight an upbeat sentiment in Asian markets, with the KOSPI and Nikkei advancing alongside Nasdaq futures following strong tech-led gains in the US.

Spain Consumer Price Index (YoY) meets forecasts (3.2%) in April

Spain Harmonized Index of Consumer Prices (YoY) meets expectations (3.5%) in April

Spain Consumer Price Index (MoM) meets forecasts (0.4%) in April

Spain Harmonized Index of Consumer Prices (MoM) in line with expectations (0.7%) in April

Commerzbank strategists note that India has more than doubled tariffs on Gold and Silver to 15% to curb Dollar demand and support INR.

India WPI Inflation above forecasts (4.4%) in April: Actual (8.3%)

UOB economists Quek Ser Leang and Lee Sue Ann notes EUR/USD remains under mild pressure after breaking below 1.1720 and touching 1.1695. While intraday conditions look oversold and suggest a 1.1700–1.1755 range, the 1–3 week view still points to a downside bias toward 1.1675.

The European Central Bank Governing Council member Martins Kazaks said in an interview with the public broadcaster LTV on Thursday, the central bank could opt for an interest rate hike if rising oil prices deanchored inflation expectations.

United Kingdom Total Trade Balance fell from previous £-0.72B to £-9.658B in March

United Kingdom Gross Domestic Product (YoY) above expectations (0.8%) in 1Q: Actual (1.1%)

United Kingdom Gross Domestic Product (QoQ) meets expectations (0.6%) in 1Q

United Kingdom Index of Services (3M/3M) registered at 0.8% above expectations (0.6%) in March

United Kingdom Trade Balance; non-EU dipped from previous £-7.097B to £-15.195B in March

United Kingdom Total Business Investment (YoY) down to -1.8% in 1Q from previous 2%

United Kingdom Manufacturing Production (YoY) above forecasts (0%) in March: Actual (1.2%)

United Kingdom Industrial Production (YoY) came in at 0%, below expectations (0.2%) in March

United Kingdom Industrial Production (MoM) came in at -0.2%, above forecasts (-0.3%) in March

United Kingdom Goods Trade Balance below expectations (£-20B) in March: Actual (£-27.22B)

United Kingdom Gross Domestic Product (YoY) registered at 1% above expectations (0.8%) in 1Q

United Kingdom Total Business Investment (QoQ) registered at 0.7%, below expectations (1.1%) in 1Q

United Kingdom Gross Domestic Product (QoQ) registered at 0.1%, below expectations (0.6%) in 1Q

United Kingdom Manufacturing Production (MoM) came in at 1.2%, above forecasts (-0.2%) in March

United Kingdom Gross Domestic Product (MoM) came in at 0.3%, above expectations (-0.2%) in March

Chinese President Xi Jinping told United States (US) CEOs accompanying President Donald Trump on a Beijing visit that China's door would only open wider, and that he believed US companies would have broader prospects in the country, state-run news agency Xinhua reported.