China Producer Price Index (YoY) below forecasts (-2.6%) in April: Actual (-2.7%)

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Editors’ Picks
EUR/USD holds above 1.1250, looks to post small weekly losses
EUR/USD rebounds and stabilizes above 1.1250 following a two-day slide but remains on track to post small weekly losses. The pair draws support from a pause in the US Dollar buying as traders turn cautious ahead of US-China trade talks on Saturday.
GBP/USD extends daily recovery toward 1.3300
GBP/USD gathers recovery momentum and rises toward 1.3300 in the American session on Friday. The US Dollar stalls its upside as focus shift to the weekend’s US-China trade talks. On Thursday, the BoE cut the policy rate but maintained its cautious stance on future easing.
Gold clings to gains above $3,300 on escalating geopolitical tensions
Gold price turns positive on the day above $3,300 following an intraday slide to the $3,275-3,274 area. Geopolitical risks stemming from the Russia-Ukraine war, the escalation of tensions in the Middle East, and the India-Pakistan border, attract safe-haven flows and support XAU/USD.
Why the UK-US trade deal won’t herald a wider tariff climbdown
For Britain, the UK-US deal secures lower tariffs without compromising forthcoming UK-EU talks. And for the US, it signals to investors that the administration is prepared to be flexible on tariffs. But we’re sceptical that the deal will translate into a much wider de-escalation in US tariff policy.



