Goldman Sachs: The Bank of England may raise interest rates by 25 basis points in June and August, reaching a terminal rate of 5% (higher than current market pricing).

Goldman Sachs: Although the Bank of England has significantly raised its economic growth and inflation expectations, setting a higher threshold for the upcoming data, this also reflects the risk of continued high inflation, which may require the Bank of England to further tighten monetary policy.

Goldman Sachs: While vulnerable to further risk aversion, we remain bullish on the pound, especially after the recent Bank of England meeting.

Goldman Sachs: Price action over the past week supports our view, although it also highlights that a key risk now is a broad decline in risk sentiment.

Goldman Sachs: Therefore, we still tend to short EUR/GBP with a target of 0.86 and a stop loss of 0.88.

Goldman Sachs: Our recent view is that the headwinds facing the pound in 2022 (mainly gas and energy prices, Brexit-related friction and the relative stance of BoE policy) have now shifted in less negative directions.

US Geological Survey: A 5.0-magnitude earthquake occurred 147 kilometers south of Shimoda City, Japan.

Ukrainian President Volodymyr Zelensky is expected to arrive in Paris later on Sunday.

White House: U.S. President Joe Biden will travel to Japan to attend the G7 summit in Hiroshima from May 18 to 21.

Bank of America: But they all have a common characteristic, that is, the dollar will depreciate initially (between the last rate hike and the first time that the interest rate remains unchanged), and the trend after that is very different.

Bank of America: The three past periods in which the Fed paused in rate hikes (2000-01, 2006-07, 2018-19) had different impacts on the dollar.

AFP: Russia says two of its military commanders have been killed near Bakhmut in eastern Ukraine.

Ukrainian President Volodymyr Zelensky: Ukraine "did not attack Russian territory" and had no plans to do so.

AFP: Ukrainian President Volodymyr Zelensky has urged Germany to support the delivery of fighter jets from Western countries.

Russian Ministry of Defense: Ukrainian troops and Western weapons depots in Petropavlovka and Ternopil attacked.

German Chancellor Scholz: We need to tell countries in Asia, South America and Africa that we have no double standards and that we also care about the problems in your region.

Ukrainian President Zelensky: Ukrainians believe that the upcoming counteroffensive will be successful, and we are ready to embrace success.

German Chancellor Scholz: Ukraine is ready for peace, but this does not mean freezing the current conflict and accepting the peace plan proposed by Russia.

Thai Election Voting Agency Official: Election voting has ended.