According to CoinMeta, the data from the UK GDP exceeded expectations, helping the pound to recover some of its earlier losses during European trading hours on Thursday. Investors are giving priority to the alleviation of concerns regarding the Federal Reserve's recent interest rate hikes, rather than the ongoing tensions in the Middle East. Analysts at Deutsche Bank pointed out that the US CPI in July was largely in line with expectations, with core inflation still above the Federal Reserve's target, but there was no overall acceleration, providing policymakers with more room to remain cautious. Looking ahead, investors will be watching the US Producer Price Index data for July, which will be released at 20:30 Beijing time on Thursday. The year-on-year growth rates for both the overall and core PPI are expected to slow down to 4.9% and 4.2%, respectively. At the same time, the rebound of the pound is also supported by its own strengthening.