GBP/USD slid about 20 pips in a short move, now 1.3423.

Prime Minister Takaichi said she will, based on fiscal sustainability, appropriately guide economic and fiscal policy to preserve market confidence.

China Mobile deputy GM Li Huidi said at an AI forum that optical interconnects have natural advantages—high bandwidth, low latency, low loss, long-distance transmission and high-density integration—and could help overcome intra-cluster communications bottlenecks and improve coordination among GPUs, AI chips and servers. Optical computing could unlock new energy-efficiency gains and specialized computing paradigms. Optical and electrical technologies are complementary across layers and scenarios. China Mobile plans to build high-quality compute infrastructure, increase intelligent-compute supply and green operations, foster an open AI industry ecosystem to drive deeper integration of large models with industry, and support and validate frontier technologies such as optical interconnect and optical computing in real-world scenarios.