The Pound Sterling (GBP) recovers losses from an intraday low of 1.2450 inspired by the less-hawkish Bank of England's (BoE) interest rate policy.

USD/JPY is trading up two-tenths of a percent in the 155.80s on Thursday as the US Dollar (USD) continues its recovery rally from the May 3 lows.

Gold price (XAU/USD) is trading marginally higher on Thursday, exchanging hands in the $2,310s at the time of writing, after better-than-expected trade data from China, a major market for Gold, and the publication of a report by the World Gold Council (WGC) highlighting continued demand from central banks and Asian buyers.

EUR/USD discovers strong buying interest near 1.0730 in Thursday's early New York session.

United States Continuing Jobless Claims came in at 1.785M, below expectations (1.79M) in April 26

United States Initial Jobless Claims came in at 231K, above expectations (210K) in May 3

United States Initial Jobless Claims 4-week average up to 215K in May 3 from previous 210K

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.

UK central bank is seen keeping its policy rate intact at 5.25%.

Mexico Headline Inflation came in at 0.2%, above expectations (0.19%) in April

Mexico 12-Month Inflation came in at 4.65%, above expectations (4.63%) in April

Mexico Core Inflation below expectations (0.24%) in April: Actual (0.21%)

Silver (XAG/USD) price might well have changed trend in the short-term after breaking above the key May 7 highs at $27.51.

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%

The USD/CAD pair consolidates in a tight range above the round-level support of 1.3700 in Thursday’s European session after correcting from its weekly high of 1.3760.

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%

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

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

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

The Australian Dollar (AUD) continued its losing streak on Thursday following the Reserve Bank of Australia (RBA)'s less hawkish stance, particularly following the Monthly Consumer Price Index (YoY) for March

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