Nomura analysts note that the UK composite output PMI rose to 53.9 in February, defying expectations of a decline. They see stronger activity pointing to 0.2% quarter-on-quarter GDP growth in Q1, with upside risks.

The United States (US) Bureau of Economic Analysis (BEA) will publish the first preliminary estimate of the fourth-quarter Gross Domestic Product (GDP) at 13:30 GMT.

Silver (XAG/USD) trades around $80.20 on Friday at the time of writing, up 2.28% on the session.

Rabobank’s Jane Foley argues that the Dollar is unlikely to follow a straight path of weakness. She expects EUR/USD to trade in choppy ranges in coming months, with geopolitical de-dollarisation pressures not seen as materially impacting USD exchange rates for now.

The preliminary United States (US) S&P Global Purchasing Managers’ Index (PMI) data for February is due for release today at 14:45 GMT.

EUR/GBP trades lower on Friday as solid UK Retail Sales and stronger preliminary Purchasing Managers Index (PMI) data lift the British Pound (GBP). Although the stronger-than-expected Eurozone HCOB flash PMI failed to provide meaningful support to the Euro (EUR) and kept the cross under pressure.

Commerzbank’s Volkmar Baur notes Australia’s labour market remains robust, with unemployment at 4.1% and solid job creation, supporting the Reserve Bank of Australia’s recent hike.

ING’s Warren Patterson and Ewa Manthey report that Gold is trading around $5,000/oz as investors reassess geopolitical risks and the macro backdrop.

Mexico Retail Sales (YoY) fell from previous 4.4% to 4.3% in December

Mexico Retail Sales (MoM) dipped from previous 1% to -0.1% in December

The Pound Sterling (GBP) edges higher to near 1.3470 against the US Dollar (USD) during the European trading session on Friday after recovering earlier losses.

DBS's Chang Wei Liang note USD/JPY has moved above 155 on broad Dollar strength, even as geopolitical risks could support the Japanese Yen as a safe haven. Japan’s FY26 budget debate and Prime Minister Takaichi’s proposal to suspend the consumption tax on food are seen as key for JPY direction.

India FX Reserves, USD increased to $725.73B in February 9 from previous $717.06B

India Bank Loan Growth rose from previous 13.1% to 14.6% in February 2

MUFG’s Head of Research Derek Halpenny notes that EUR/USD has fully reversed its late-January rally, dropping about 2.5% back toward its opening 2026 level.

Gold (XAU/USD) gains momentum on Friday after trading largely flat on the previous day, as ongoing tensions between the United States (US) and Iran lift demand for safe-haven assets.

TD Securities’ Global Strategy Team highlights upcoming US data, expecting December core PCE to rise 0.25% month-on-month and headline PCE 0.27%, leaving annual rates at 2.9% and 2.8%.

EUR/JPY trades around 182.75 on Friday at the time of writing, up 0.13% on the day, supported by stronger-than-expected activity data from the Eurozone and a slightly softer Japanese Yen (JPY) following cooling inflation figures.

On Friday, the European Central Bank (ECB) released its indicator of the Euro area’s Negotiated Wage Rates data for the fourth quarter (Q4) of 2025.

National Bank of Canada’s (NBC) Economics and Strategy team slightly lowers its 2026 Canadian GDP forecast to 1.1% and highlights a sharp drop in potential GDP to 0.6% due to demographic recalibration.

Societe Generale economists Reo Sakida and Jin Kenzaki review latest Japan inflation data, noting Headline at 1.5%, Core at 2.0% and Core-core at 2.6%.

The United Kingdom (UK) flash Composite PMI unexpectedly rises at a faster-than-expected pace to 53.9 in February from 53.7 in January. The overall business activity was expected to expand again, but at a moderate pace to 53.4.

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $81.07 per troy ounce, up 3.39% from the $78.41 it cost on Thursday.

According to Danske Research Team, the Dollar is consolidating recent gains, helped by higher Oil prices and renewed US–Iran tensions.

The Indian Rupee (INR) holds its early gap down against the US Dollar (USD) during afternoon trading hours in India on Friday.

United Kingdom S&P Global Services PMI came in at 53.9, above expectations (53.6) in February

United Kingdom S&P Global Composite PMI registered at 53.9 above expectations (53.4) in February

United Kingdom S&P Global Manufacturing PMI above forecasts (51.8) in February: Actual (52)

ING analysts Warren Patterson and Ewa Manthey note European natural gas prices have rallied as Middle East tensions raise risks to global LNG trade, with EU storage well below its five‑year average.

Commerzbank's Christoph Rieger forecasts US GDP at 3.7% in Q4, above the 3.0% consensus, highlighting broad-based strength from private consumption, private investment and foreign trade. He also projects a 0.36% rise in the core PCE deflator, above the Federal Reserve’s implicit target.